# Security

## Backed by Stability, Powered by Confidence

At Newmoney, we ensure that all digital cash funds are backed by **stablecoins** that are rigorously audited for compliance and consumer safety. Stablecoins maintain a 1:1 value with their underlying assets and are trusted globally for secure transactions.

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**Why USDC Powers Newmoney**

We chose **USDC** as the foundation for all transfers and deposits on our platform because it’s:

* **Reliable and Overcollateralized:**
  * **$36.83B USDC** in circulation (as of writing).
  * Overcollateralized by **$10M** for added security.
* **Transparent:**
  * Audited daily by independent third parties.
* **Regulated:**
  * Widely considered the **most transparent and secure stablecoin** available.

💡 **What this means for you:** Every dollar in your digital cash balance is backed by the safest and most trusted stablecoin in the world.

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#### Your Funds Are Always Available

* Send or withdraw funds from your **digital cash balance** anytime.
* Instant and global settlement between friends, family, and contacts.

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#### Your Funds Are Secure

We use advanced security measures to keep your money safe:

* **Multi-Party Computation (MPC):** Cutting-edge cryptographic technology for secure transactions.
* **Two-Factor Authentication (2FA):** Extra protection for your account.
* **Passkeys and Biometrics:** The best-in-class methods for secure login and validation.

💡 **Pro Tip:** With Newmoney, you get instant access to your funds backed by the highest security standards, so you can transact with confidence.