Fei USDFEI
Convert FEI to your currency
Last Updated on Oct 03, 2025 10:42 PM
What is Fei USD?
About the coin
FEI is a decentralized stablecoin developed by Fei Labs, designed to be highly scalable and reserve-backed. It aims to meet the needs of decentralized finance (DeFi) without relying on centralized assets for collateral. The coin is backed by prominent figures in the space, including a16z, Nascent, Variant, and Coinbase.
Main features
FEI utilizes a novel stablecoin mechanism known as protocol controlled value (PCV). This approach is more capital-efficient and ensures fair distribution. The protocol uses the value it controls to maintain liquid secondary markets, enhancing its stability and usability within the DeFi ecosystem.
How it works
In late 2021, Fei v2 was launched, introducing features such as 1:1 redeemability, TRIBE buybacks/backstop, and algorithmic PCV management. These enhancements aim to improve the stability and functionality of the FEI stablecoin, making it a reliable option for DeFi applications.
Wallet for Fei USD
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Tangem supports networks for Fei USD
- Ethereum
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Fei USD FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Fei isa stablecoin, like with any other stablecoin it's max total supply is not capped. It will be minted or burned following the demand.
How to secure Fei USD with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
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Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose Fei USD wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
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