Fei Labs raises 639K ETH in genesis occasion

Fei Labs concluded a profitable genesis launch of its Fei stablecoin on Saturday, elevating almost $1.3 billion in (ETH) from over 17,000 contributors, highlighting as soon as once more the market’s rising urge for food for digital belongings and decentralized finance.

A complete of 639,000 ETH was dedicated to the so-called minting of the FEI stablecoin, the corporate introduced Saturday. On the time Genesis concluded, the ETH commitments have been value almost $1.3 billion.