# Fei USD (FEI)

> FEI uses a new kind of stablecoin mechanism called protocol controlled value (PCV). It is more capital-efficient, has a fair distribution, and is fully decentralized. The protocol uses the value it controls to maintain liquid secondary markets.

Fei Labs is the team that created FEI, a highly scalable, decentralized, and reserve-backed stablecoin that can meet DeFi’s needs without relying on centralized assets for collateral, that unlocks next-generation integration potential. Our mission is to be the stable coin of DeFi backed by some of the top minds in the space, including a16z, Nascent, Variant, Coinbase,

Fei v2 launches in late 2021, bringing 1:1 redeemability, TRIBE buybacks/backstop, and algorithmic PCV management: https://medium.com/fei-protocol/introducing-fei-v2-6f56afe7a1b5

## Price Data

- **Current Price**: $1.00
- **Market Cap**: $3.50M
- **Fully Diluted Valuation**: $3.75M
- **Circulating Supply**: 3.51M FEI
- **Total Supply**: 3.77M FEI

## Price Changes

- **24h**: -0.01%
- **30d**: -0.01%
- **90d**: +0.01%
- **365d**: +0.00%

## Chain Availability

Available on: ethereum

## Resources

- [Website](https://fei.money/)
- [Discord](https://discord.com/invite/2prhYdQ5jP)
- [Coingecko](https://www.coingecko.com/en/coins/fei-usd)
- [Dex.guru](https://dex.guru/token/eth/0x956f47f50a910163d8bf957cf5846d573e7f87ca)

## Links

- [View on Zerion](https://app.zerion.io/tokens/FEI-0x956f47f50a910163d8bf957cf5846d573e7f87ca)
- [Trade on Zerion](https://app.zerion.io/tokens/FEI-0x956f47f50a910163d8bf957cf5846d573e7f87ca)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset