> For the complete documentation index, see [llms.txt](https://docs.kyberswap.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kyberswap.com/getting-started/foundational-topics/decentralized-finance/stablecoins.md).

# Stablecoins

Stable Unit Of Accounting

## Overview

Stablecoins are [tokens](/getting-started/foundational-topics/decentralized-finance/tokens.md) which are designed to maintain a fixed peg against a particular value reference. At present, the most popular stablecoins (USDT, USDC, DAI) are pegged to the USD due to its status as a global reserve currency but this is likely to change with increasingly global adoption of crypto (EURC, XSGD, IDRT).

Stablecoins are usually minted/burned based on a collateralisation ratio of a basket of assets. These assets determine the trust assumptions of the stablecoin and can range from fiat/assets being held in a tradFi account (USDC, USDT, PAXG) or crypto assets/tokens (DAI, TUSD, FRAX). Stablecoin protocols are able to set a target collateralisation ratios in order to drive capital efficiency.

As a stable unit of accounting, stablecoins facilitate liquidity flows due to the intuitive nature of the asset that it is pegged against. Put simply, stablecoin users have a stable point of reference against which they can value their trades or actions on the chain.

## Trade with your preferred stablecoins

KyberSwap enables you to easily trade your favorite stablecoins by [adding them to the KyberSwap Interface](/user-guide/user-guides/add-your-favourite-tokens.md).

{% tabs %}
{% tab title="Traders" %}

* [Add Your Favourite Tokens](/user-guide/user-guides/add-your-favourite-tokens.md)
* Instantly Swap At Superior Rates
* [Swap At Your Preferred Rates](/user-guide/limit-order.md)
  {% endtab %}
  {% endtabs %}


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