# Introduction

[**Abracadabra.money** ](https://abracadabra.money)is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money - **MIM**), that can be used as any other traditional stablecoin.

Currently, a lot of assets, such as yVaults have locked in capital that can't be put to further use. **Abracadabra** offers an opportunity to use it.