# How It Works Monet is a stablecoins protocol allowing the creation of decentralized, capital-efficient and over-collateralized stablecoins built using a modular & upgradable architecture. The protocol consists of several different modules,which can be added or removed over time, from which stablecoins can be issued or minted. Any type of stablecoin can be deployed using Monet, for instance: USD, EUR, CHF, ETH, BTC, etc..

Monet is designed as a modular and scalable system where each functional component exists as an independent module. These modules can be deployed, upgraded, paused, or reconfigured without disrupting the entire protocol. This gives the opportunity to launch multiple stablecoins (USDmo, EURmo, etc.), customize their parameters, and extend functionality over time.