# What Are STABLEcoins STABLEcoins issued by Stable Labs and minted through Genify all maintain a fixed 1:1 peg with their respective fiat currencies during minting and redemption. > **For example, 1 USDI = 1 USD, and 1 EURI = 1 EUR.** #### Key Features * **1:1 Peg:** Each STABLEcoin is pegged to its respective fiat currency, ensuring stability. * **Backing Reserves:** These STABLEcoins are backed by cash or cash-equivalent reserves held in a bankruptcy remote structure. * **Regular Audits:** Reserves are subjected to regular audits by established independent auditors. * **Proof of Reserve:** Transparent reporting via Chainlink’s publicly available Proof of Reserve (PoR) Reports ensures reliability. * **Chain agnostic:** All of our stablecoins have CCIP integrated and can be minted on all chains where CCIP is live regardless of if it is EVM or alternative VM Blockchain. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.stablelabs.co/getting-started-with-genify/how-it-works/stablecoins/what-are-stablecoins.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.