Crypto markets experienced a brief respite from the last 72 hours of selling, before dumping again as the global crypto market cap crashed below $1 trillion.
I appreciate the tongue-in-cheek naming of both the organization and the stablecoin but 'Magic Internet Money' issued by an organization called 'Abracadabra Money' isn't exactly helping it either nor would it be an asset I'd be consider to preserve value when crypto crashes.
BUSD, DAI, USDC, every stable is slightly under peg. USDT is resisting better.
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