According to Foresight News, decentralized stablecoin issuer Defi.money has announced the launch of its decentralized stablecoin, MONEY, on the Arbitrum and Optimism networks. Users who are whitelisted can now begin minting MONEY. Once minted, MONEY can be staked or deposited into the newly launched Curve stable pool to earn yields.

Defi.money emphasized that to ensure user safety, the protocol underwent five audits before its launch. Additionally, a conservative debt ceiling has been adopted during the initial phase to further safeguard users.