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Felix feUSD wallet

The most secure hardware wallet for your Felix feUSD

Protect your Felix feUSD with Tangem's trusted cold wallet—join our satisfied user base today!

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How to secure your Felix feUSD with Tangem?

When you buy or hold Felix feUSD in Tangem, it secures your private keys in many ways:

How to get a Felix feUSD Crypto 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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Firstly

Get the Tangem Wallet.

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.

Then

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.

Finally

Discover the power of crypto.

Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.

Why choose Felix feUSD wallet with Tangem.

Privacy

No registration and KYC required to use the app. We don't track your data.

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Security

Your private keys are encrypted and never leave your device. Only you have control over your funds.

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Convenient designs

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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24/7 Customer care

Fast support for your needs. Live chat and email support for customers from all over the globe.

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What is Felix feUSD (FEUSD)?

The stablecoin of the Felix lending protocol on HyperEVM, the smart contract layer of Hyperliquid. feUSD is not backed by dollars in a bank: it is minted when someone opens a collateralized position on Felix, locks HYPE or another accepted crypto asset, and borrows feUSD against it. The design follows the Liquity V2 model, so each borrower sets their own interest rate, positions that fall below the required collateral ratio are liquidated, and anyone holding feUSD can redeem it against collateral from the protocol at face value. That redemption path is what anchors the token near one dollar rather than a promise from an issuer.

The name Felix covers more than one product, which is worth knowing before you look at your balance. feUSD is the CDP stablecoin. Felix also runs a separate deposit and lending service built on Morpho vaults, where you deposit an asset such as USDT0 or HYPE and receive a vault receipt token in return. Those receipt tokens are not feUSD, and feUSD is not something you deposit to get them. If you were expecting a vault share in your wallet and see feUSD instead, or the other way round, the two products got mixed up somewhere upstream.

Holding it

feUSD is a plain ERC-20 on HyperEVM. It does not rebase and does not grow in your wallet by itself; the number you see is the number you hold. Moving it costs gas in HYPE, the native coin of HyperEVM, so a wallet with only feUSD in it cannot send anything. In Tangem, HYPE sits in the same wallet next to feUSD on the same address, and signing a transfer is a tap of the card on the phone, no cable or battery involved. For a stablecoin you may move in and out of Felix positions fairly often, that is the practical reason to keep it there.

Supported networks in Tangem (1): HyperEVM.

Felix feUSD FEUSD
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Felix feUSD FAQ

  • A reliable wallet for FEUSD should prioritize robust security and user-friendly access. Tangem offers offline protection coupled with straightforward mobile management.

  • You can use most software wallets at no cost. Hardware wallets, which offer additional security, must be purchased separately. Network fees may still apply.

  • A strong Felix feUSD wallet uses dedicated hardware to safeguard private keys. Tangem uses a specialized security chip, similar to those found in banking cards and passports, which keeps keys isolated and reduces the risk of unauthorized access or data compromise.

  • A Felix feUSD wallet is a tool that lets you store, send, and receive your digital assets. It manages your private keys, which prove ownership of your FEUSD.

  • feUSD is overcollateralized by crypto assets such as HYPE locked in borrowing positions on the Felix protocol. It is minted as debt against that collateral and can be redeemed against it, which is what keeps it close to one dollar.

  • feUSD lives on HyperEVM, so every transfer is paid in HYPE, the network's native coin. You need a small HYPE balance on the same address before you can move feUSD.

  • No. Felix's Morpho-based vaults issue their own receipt tokens when you deposit an asset. feUSD is the protocol's borrowed stablecoin and is a separate ERC-20 contract.
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