Fei Labs, the firm behind the Fei Protocol stablecoin, raised 639,000 ETH, roughly $1.27 billion at current prices, in commitments for its Fei Protocol stablecoin on Saturday. The raised ETH will be used as collateral to mint over Fei stablecoins. According to Fei Labs, over 17,000 unique addresses participated in the “Genesis” event of the […]The post Fei Labs raises over $1.2 billion for its stablecoin project appeared first on The Block.