VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg | Coinpare
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News » VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg

VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg

Bitcoin.com  |  08 April 2021 - 07:30:35

The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI stablecoin and it was backed by major venture capital firms. Fei Protocol Market Price Drops […]

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