Defi.money (MONEY) is a crypto-backed US dollar stablecoin. It has about $14.0M in circulation, ranking #118 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
What is MONEY?
Defi.money (MONEY) is a crypto-backed US dollar stablecoin. It has about $14.0M in circulation, ranking #118 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
In the issuer's words: $MONEY is a USD-denominated decentralized stablecoin from defi.money, a crvUSD-based protocol on Optimism and Arbitrum, pegged to the US Dollar and minted against crypto collateral.
MONEY supply history
MONEY supply was flat over the past 30 days. Its peak was $16.2M in October 2024, and supply is 14% below that high.
Is MONEY holding its peg?
MONEY is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where MONEY lives: supply by blockchain
MONEY is spread across several networks. The largest, OP Mainnet, holds 36% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How MONEY is backed
MONEY is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: Users deposit crypto collateral to borrow MONEY, and repay MONEY to unlock their collateral.
MONEY risks
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
With $14.0M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
MONEY vs USDT and USDC
Similar crypto-backed stablecoins
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MONEY FAQ
What is MONEY?
Defi.money (MONEY) is a crypto-backed US dollar stablecoin. It has about $14.0M in circulation, ranking #118 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
Is MONEY pegged 1:1 to the US dollar?
MONEY targets 1 USD. At the last update it traded at $0.9986, a deviation of -0.14%, which we classify as "on peg".
What backs MONEY?
MONEY is a crypto-backed stablecoin. MONEY is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is MONEY on?
MONEY is live on 3 blockchains. The largest by supply are OP Mainnet ($5.0M), Arbitrum ($5.0M), Base ($4.0M).
How much MONEY is in circulation?
About $14.0M of MONEY was in circulation at the last update, 0.0% over 30 days. That makes it the #118 stablecoin by supply among those we track.
Is MONEY safe?
No stablecoin is risk-free. As a crypto-backed design, MONEY's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.