Magic Internet Money
(MIM)$ 0.96
0.59 % (24H)Magic Internet Money Data
Price Range (24H)
Lowest
$ 0.95
Highest
$ 0.96
ATH
$ 9.71
Price Change (24h)
0.59 %
Price Change (7d)
0 %
Market Cap
$ 174,685,000
24h Volume
$ 130,389
Circulating Supply
0
Max Supply
-1
Magic Internet Money Overview
Magic Internet Money (MIM) is a stablecoin soft-pegged to the US dollar, created by Daniele Sestagalli in 2021. It is minted by the Abracadabra.money protocol and backed by interest-bearing tokens. MIM can be borrowed against collateral on the Abracadabra platform and allows fast and secure cross-chain transfers through Beaming. Its value is maintained through arbitrage, keeping it close to 1 USD. MIM serves as a stable digital currency for various financial activities on the blockchain.