Magic Internet Money token depegs as Terra (LUNA) domino effect persists Post author:MiamiCrypto Post published:June 18, 2022 Post category:Cryptocurrencies / Dollar / Stablecoin / volatility Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli. You Might Also Like Do algorithmic stablecoins have a future as centralized coins are under scrutiny? April 1, 2023 Onecoin Co-Founder Pleads Guilty to Fraud Charges in US December 18, 2022 The Fed cites worries about stablecoin in its latest Financial Stability Report May 10, 2022