Fei USD (FEI)

Fei USD Coin Price & Market Data

Fei USD price today is $0.999784 with a 24-hour trading volume of $139,115,298. FEI price is up 2.1% in the last 24 hours. It has a circulating supply of 710 Million FEI coins and a total supply of 705 Million. If you are looking to buy or sell Fei USD, Uniswap (v2) is currently the most active exchange.

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