Magic Web Cash races previous $1B, units sights on MakerDao By Cointelegraph

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Abracadabra Cash’s stablecoin Magic Web Cash (MIM) has surged previous a $1 billion whole provide this month because the mission works to offer competitors to MakerDAO.

Abracadabra is a cross-chain stablecoin lending protocol that operates on , Binance Good Chain (BSC), Fantom, , and Arbitrum. Together with MIM, the mission additionally has a SPELL governance token which could be staked on the protocol.