CRYPTO GLOSSARY · FINANCE

What is Fiat Currency?

Government-issued currency like USD or EUR.

📖 Full Definition

Fiat currency is government-issued money that is not backed by a physical commodity like gold. It derives value from government regulation and trust. Examples include USD, EUR, GBP, and JPY.

💡 Example

Most crypto exchanges allow trading between fiat currencies (USD) and cryptocurrencies.

🔗 Related Terms

Stablecoin

Cryptocurrency pegged to a stable asset.

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