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CoinPulse AU
25 June 2026AI summary

Abracadabra takes emergency action as MIM stablecoin depeg worsens

AI-summarised from reporting by Cointelegraph. How we use AI.

Abracadabra takes emergency action as MIM stablecoin depeg worsens

The protocol is raising interest rates across all Cauldrons to encourage debt repayment and reduce supply.

Read the original on Cointelegraph

About this article: this is an AI-generated summary of reporting by Cointelegraph. It has not been reviewed by a human editor. We use AI to localise crypto news for Australian readers, and we link back to the original source so you can verify the facts.

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