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Algorithmic Stablecoin Project Fei Fails To Maintain Peg To US Dollar

The algorithmic stablecoin project Fei had quite the troubled launch and fell below parity with the dollar as it had a hard time maintaining its peg so let’s read more in our latest altcoin news today. The launch of the DeFi protocol is now going to be extremely risky but when you combine the complexity and a bug with a lot of money, it usually ends up catastrophic. The algorithmic stablecoin Fei is the latest project to undergo a troubled launch because the coin traded below parity with the dollar since its $1.2 billion launches which was an issue for…

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