We report on the generation of a passive carrier-envelope phase (CEP) stable 1.7-cycle pulse in the mid-infrared by adiabatic difference frequency generation. With sole material-based compression, we achieve a sub-2-cycle 16-fs pulse at a center wavelength of 2.7 µm and measured a CEP stability of <190 mrad root mean square. The CEP stabilization performance of an adiabatic downconversion process is characterized for the first time, to the best of our knowledge.