# Stablecoins & Savings ## Stablecoins Parallel stablecoins are decentralized stable currencies issued by the protocol. Their issuance is handled through minting modules, such as the Parallelizer Module, where users deposit an overcollateralized basket of assets (such as ETH, BTC, or other stablecoins) to mint new tokens. Each stablecoin ([USDp](https://docs.parallel.best/products/parallel-v3/stablecoins-and-savings/usdp-and-susdp), etc.) can be configured independently with its own parameters, including the types of assets accepted as collateral, the fees applied, and the exposure limits set by the DAO. To ensure price stability, the protocol automatically adjusts minting or burning fees whenever the token deviates from its reference currency. In practice, these stablecoins form the core of the Parallel system and serve as the foundation for all other ecosystem products. ## Savings The Parallel Savings product is what allows Parallel stablecoin holders to earn a native yield based on the returns generated by the protocol on its assets backing the stablecoin. It does not come with any extra composability risk, and there are no additional trust assumptions between owning an Parallel stablecoin and its staked version. The yield rate that is paid by the Savings Module on a stablecoin depends on the return over assets the protocol is generating for this asset. Assuming all stablecoins are in the Savings contracts, and assuming no cut taken by the protocol, the protocol could pay up to this return over assets to all stablecoin holders. --- # 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.parallel.best/products/parallel-v3/stablecoins-and-savings.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.