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.
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