Some stablecoins are tightly structured, which means that issuance can only be done in the circulation of legal tender. This essentially means that for a given unit of stablecoin to be pumped or released for circulation, it must provide accurate legal currency collateral.
What about your?
Each Moneta in circulation represents one respective currency held in our reserves (a 1-1 ratio).
1 USDM = 1 USD
1 EURM = 1 EUR
1 GBPM = 1 GBP
1 JPYM = 1 JPM
1 CNYM = 1 CNY
1 CHFM = 1 CHF etc.
The sum of all Monetas in existence is exactly equal to the balance of fiat held in our reserve. Since Monetas are on the blockchain, the accounting of Monetas is a straightforward process.
The amount of any currency held in our reserves is proved by publishing the bank balance and periodic audits by professionals. Users will be able to view this information on the website.