Fei Protocol Launches Its StableCoin Project, Locking Up $1 Billion ETH

2021-4-5 12:19

Earlier this Saturday, FEI Protocol held its Genesis event, successfully raising over 639,000 Ether — approximately $1. 3 billion — in commitment for its stablecoin. The Ethereum raised for the project will be used as collateral to mint its stablecoins, which uses bonding curves to maintain a peg of $1.

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