The Stablecoin protocol based on BCH Moria has passed security testing with a high score.

Moria, a stablecoin issuance protocol based on BCH, has just been successfully audited by Hashlock, a Web3 security company. The audit confirmed that the source code of this platform is "safe, logically ordered, and clear." Moria allows users to borrow MUSD, a dollar-pegged stablecoin, by using Bitcoin Cash as collateral, enabling them to access liquidity without losing access to their tokens.

Hashlock indicates that the platform has no security issues, opening up opportunities for many new users. Moria is committed to ensuring the security of its platform. Dagur Valberg Johansson, co-founder of Riften Labs, criticized the current centralized stablecoins, while Halvor Bakke-Veiby emphasized the need for protocols like Moria to protect the health of the cryptocurrency ecosystem.