Felix feUSD (FEUSD)
CryptoScore Pro global score : 61/100 (computed on 2026-10-29)
Felix feUSD is a crypto-backed stablecoin deployed on the HyperEVM blockchain, designed to operate within the Hyperliquid ecosystem as a synthetic asset pegged to the US dollar. Unlike traditional stablecoins like USDC or DAI, which rely on fiat reserves or over-collateralized debt positions, feUSD is minted against over-collateralized positions within the Felix Protocol, leveraging the liquidity and synthetic asset capabilities of HyperEVM. This positioning aligns it with the broader trend of decentralized stablecoins that prioritize transparency and on-chain collateralization, catering to traders, DeFi protocols, and synthetic asset platforms seeking a stable medium of exchange without reliance on centralized custodians. Its integration into the Hyperliquid ecosystem—an emerging layer focused on high-frequency trading and synthetic asset liquidity—positions feUSD as a critical component for users engaging in derivatives, leveraged trading, or cross-chain asset exposure, particularly in markets where traditional stablecoins face regulatory or liquidity constraints. Technologically, feUSD operates on the HyperEVM blockchain, a layer-2 solution built to enhance scalability and…
Scores by pillar
| Technology | 58/100 |
|---|---|
| Tokenomics | 75/100 |
| Team | 48/100 |
| Adoption | 61/100 |
| Liquidity | 39/100 |
| Compliance | 73/100 |
Market data
| Price | $0.9992 |
|---|---|
| Market cap | $74.94M |
| 24h volume | $30,414.53 |
| Market cap rank | #391 |
| 24h change | +0.01% |
| 7d change | +0.03% |
| Blockchain | HyperEVM |
| Sector | Stablecoin |
Analysis
The Felix feUSD emerged from the need for stability without a centralized third party. It is a synthetic asset, a token imitating a real asset, pegged to the dollar. It operates on the HyperEVM chain and relies on overcollateralized positions.