> For the complete documentation index, see [llms.txt](https://docs.stablelabs.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.stablelabs.co/getting-started-with-genify/how-it-works/stablecoins/what-are-stablecoins.md). # 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 This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## 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, and the optional `goal` query parameter: ``` GET https://docs.stablelabs.co/getting-started-with-genify/how-it-works/stablecoins/what-are-stablecoins.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. 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.