# Abracadabra Proposes Shutting Down MIM Stablecoin, With Holders Set to Recover Around 4 Cents a Token

A stablecoin is meant to hold a value of one dollar. Abracadabra's own plan to close down, however, would return only about 4 cents per token to holders of Magic Internet Money.The team behind the lending protocol wants to shut down both Abracadabra and its MIM stablecoin. According to the proposal,

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| Published | 3 October 2026 |

Source: https://egamers.io/abracadabra-proposes-shutting-down-mim-stablecoin-with-holders-set-to-recover-around-4-cents-a-token/