# figUSD {% hint style="danger" %} `figUSD` is not a stablecoin. It is a liquidity provider token that represents units of account for the net asset value of the collateral pool against which options are written to generate yield. Hence its value will fluctuate. Please see [Risk Disclosures.](/protocol-mechanics/risk-disclosures.md) {% endhint %} The first collateral pool of Fig will be denominated in USDC and USDT, collectively USD stablecoins. Users can deposit stablecoins in exchange for figUSD, which is an LP token represents the net asset value of the protocol collateral pool. Fig is starting with stablecoin pool because demand and simplicity. There exists over $150 billion of stablecoins on-chain that are seeking alternative sources of yield. As all option writing collateral and premium are collected in USD, stablecoin pool provides users with ease of accounting and simplicity - deposit stablecoins, receive stablecoins back. --- # 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.fig.fi/protocol-mechanics/yield-tokens/figusd.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.