# PIKA Stablecoin One of the easiest ways to transform any token into dollar exposure is perpetual swap contracts. For example, Bitmex offers a BTC/USD contract that is margined in BTC. This contract is structured like non-linear inverse future contracts, meaning the contract value is measured in one currency, USD, but the position is margined and settled in a different currency, BTC. If a user opens a 1x short position, this gives the user a dollar exposure with the ability to earn yields from funding payments. This way of hedging is in fact widely adopted by traders to get exposed to dollar exposure. PIKA achieves its stability in a similar way. To mint a PIKA, a user can simply open a 1 dollar value of short position in any supported token swap markets(e.g., ETH or WBTC). --- # 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.pikaprotocol.com/archived/pika-protocol-v1/pika-stablecoin.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.