> For the complete documentation index, see [llms.txt](https://docs.cofi.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cofi.money/overview/cofi-stablecoins.md).

# COFI Stablecoins

As of launch, COFI Money offers three varieties of stablecoins:

<div><figure><img src="/files/929A3qiFUi0gWwyv9Cy2" alt=""><figcaption><p>COFI Bitcoin</p></figcaption></figure> <figure><img src="/files/yyX6RMt88Ev7KpmTTy9J" alt=""><figcaption><p>COFI Dollar</p></figcaption></figure> <figure><img src="/files/rmDVMnGPtq3L5v4fYiOD" alt=""><figcaption><p>COFI Ethereum</p></figcaption></figure></div>

| COFI Money Stablecoin | Description                                                                      |
| --------------------- | -------------------------------------------------------------------------------- |
| COFI Dollar (COFI)    | A yield-bearing stablecoin that accrues COFI Points and is backed 1:1 with USDC. |
| COFI Ethereum (ETHFI) | A yield-bearing stablecoin that accrues COFI Points and is backed 1:1 with wETH. |
| COFI Bitcoin (BTCFI)  | A yield-bearing stablecoin that accrues COFI Points and is backed 1:1 with wBTC. |

When a user obtains COFI Money Stablecoins, their balance increases every hour automagically. Backing assets are deployed in one of our partner venues, that are continuously monitored to optimise for the highest low-risk yields.

<figure><img src="/files/M47KJU9rwSQf7fcg1vzL" alt=""><figcaption><p>COFI Money Yield Engine</p></figcaption></figure>

Sit back and pour yourself a COFI whilst our Yield Engine does the hard work for you ☕️.

COFI Stablecoins residing in Non-Rebasing Accounts, such as Liquidity Pools and our fee collector contract, does not accrue the yield. As such, this yield is redistributed to COFI sitting in User-owned accounts. This means that, your interest earnings are yielded from a greater amount of backing assets than your COFI holdings.

<figure><img src="/files/dLU8KUDNvJbk7HOoLKfA" alt=""><figcaption></figcaption></figure>


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