Abracadabra’s MIM crisis deepens as dollar peg breaks again

Abracadabra's rate hike to combat MIM's depeg highlights DeFi's vulnerability to liquidity crises, impacting investor confidence and market stability. The post Abracadabra raises interest rates as MIM stablecoin depeg worsens appeared first on Crypto Briefing.

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

The msUSD stablecoin from Main Street has depegged, collapsing 90% on June 20, 2026, due to on-chain liquidations and liquidity imbalances.

Bolivia's IMF deal signals a shift towards economic reform, potentially stabilizing its economy but requiring significant structural adjustments. The post Bolivia nears agreement on IMF financing after dollar peg shift appeared first on Crypto Briefing.

Estimates of losses range from $2.8 million to $10 million.

Malta-based stablecoin issuer StablR suffered a security incident on Sunday, after an attacker exploited a weak multisig configuration to mint millions of unbacked EURR and USDR tokens and dump them on decentralized exchange ( DEX) platforms. EURR Drops 24%, and USDR Falls 37% as StablR’s Two Stablecoins Depeg After Key Exploit Reports say the breach […]

The suspected cause is a private key compromise of one owner in the minting multisig account, said Blockaid.

Terraform Labs’ liquidators have accused Jane Street of insider trading that allegedly netted $134 million during the May 2022 Terra/LUNA implosion, claiming the trading giant front‑ran the depeg using non‑public information while retail investors were wiped out. The administrator winding…