What is Magic Internet Money?

Magic Internet Money is one of the stablecoins listed on DeFiLlama. Use the chart above to view market-cap history, the chain breakdown to see where supply is deployed, and the peg deviation indicator to monitor stability against its target currency.

MIM chain footprint

Magic Internet Money is currently deployed on 14 chains with the largest balance on Ethereum (52.5% of supply). Mechanism: Crypto-backed. Live circulating supply is $29.38M, with a 24h change of 0.00% and 30d change of -3.89%.

MIM risks and peg history

Stablecoin holders should consider issuer credit risk, reserve quality, peg history, and concentration on individual chains or exchanges. Sharpe surfaces Magic Internet Money's live peg deviation and supply distribution but does not provide investment advice.

Frequently Asked Questions

What is Magic Internet Money (MIM)?

Magic Internet Money (MIM) is a stablecoin tracked on Sharpe Terminal. The token's market cap, peg, mechanism, and chain distribution are refreshed every 10 minutes.

Which chains support MIM?

MIM is deployed on multiple blockchains; the chain-by-chain breakdown above lists current circulating supply on each chain.

Is MIM stable?

MIM's current price and peg deviation are shown above. Sustained deviation greater than 1% indicates redemption stress; deviation under 0.25% is considered tight.

Where can I buy MIM?

MIM is typically available on the issuer's site (mint/redeem) and on major centralized and decentralized exchanges. Use the chain breakdown above to identify which chain has deepest liquidity for MIM.