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Fiat Money News

Although the crypto space commonly uses the term, many folks may still wonder, “What is fiat money?” The fiat definition is fairly straightforward: Fiat money, also called fiat currency, refers to currencies put out by governing bodies and central banks. Fiat money examples include the U.S. dollar, the Chinese yuan and the Mexican peso. Governments control fiat, meaning it is a centralized form of money tied to the borders of each respective country, for the most part.

Different in its design and control, Bitcoin (BTC) is not a fiat currency. Bitcoin is borderless and decentralized, and governments neither issue nor control it. In general, cryptocurrencies are not fiat currencies, although some stablecoin assets represent certain fiat currencies in digital form.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

Cryptocurrency owners are “generally more educated than the average,” according to a new study by the Bank for International Settlements.

Crypto ownership has nothing to do with distrust in fiat: BIS study

2021-07-02T13:26:38+01:00

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Crypto.com and Circle's partnership enabled U.S. dollar deposits and receiving USDC for users in more than 30 countries.

Crypto.com taps Circle for global dollar deposits

2021-06-29T11:59:30+01:00

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Bitcoin may not cause the current monetary and financial system to go extinct, though its usage will likely vary depending on one’s location.

Bitcoin likely won’t entirely replace current financial system, Coin Center director says

2021-05-28T18:00:00+01:00

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After banning crypto payments back in 2017, Indonesia is looking to allow payments in a digital rupiah currency.

Bank of Indonesia joins central bank digital currency race

2021-05-25T17:30:00+01:00

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Massive volatility on crypto markets has been always associated with an uptick on stablecoin markets, a Tether exec noted.

Tether mints more coins to break $60 billion market cap

2021-05-25T10:00:23+01:00

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While CBDCs could help central banks address the decline in cash payments, some risk factors remain.

State-backed digital currencies can disrupt financial systems: Report

2021-05-18T09:12:20+01:00

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According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year.

Banking system consumes two times more energy than Bitcoin: Research

2021-05-17T09:09:31+01:00

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The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a...

UK will likely need to issue a digital currency, says BoE deputy governor

2021-05-14T12:15:27+01:00

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