Glossary · Definition
Fiat-Backed Stablecoin
A fiat-backed stablecoin is a digital token worth one unit of a government currency, such as a dollar, because the company issuing it holds a matching amount of real money in reserve.
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The full entry for Fiat-Backed Stablecoin covers the detailed definition, how it works, an example and the mistakes beginners make.
More terms about Stablecoins and tokenization.
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