According to PANews, Abracadabra's MIM stablecoin depegged to approximately $0.50 on June 25, dropping 36.65% in 24 hours. In response, Abracadabra Finance announced emergency measures, including a phased increase in interest rates across all Cauldrons to encourage debt repayment and reduce the circulating supply of MIM. The platform has temporarily suspended direct incentives and Curve bribes until MIM regains its peg.

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