Yes. Moneda Spending Accounts are powered by fully regulated stablecoins under the EU Markets in Crypto-Assets Regulation (MiCA). • For EUR accounts, we use EURC, a Euro-denominated stablecoin issued in compliance with MiCA requirements. • For USD accounts, we use USDC, a US dollar-denominated stablecoin, which is also recognized as an e-money token under MiCA when offered in the EU. This means that the digital money in your Moneda account is backed 1:1 with fiat reserves, subject to strict transparency, audit, and consumer protection rules. Moneda itself does not issue stablecoins. Instead, we integrate only with issuers that are licensed and supervised under MiCA to ensure regulatory compliance and user protection.