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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

The RAI stablecoin will attempt to bring stability to DeFi markets with the long-term goal of becoming a stable global reserve asset not tied to any nation’s cu...

Stablecoin RAI launches, a pure, decentralized alternative for DeFi

Joshua Mapperson

2021-02-19T02:47:09+00:00

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Russian wireless service providers MegaFon and Beeline proposed to link digital ruble wallets on smartphones to user's phone numbers.

Russian mobile carriers consider smartphone integration for digital ruble

2021-02-16T09:43:36+00:00

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The result of developments in both crypto technology and regulation, Circle’s new USDC API provides a bridge between crypto and traditional finance.

Circle enables seamless USDC-USD transfers, providing a bridge from banks to DeFi

2021-01-27T01:39:55+00:00

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Huobi partnered with fiat and crypto payment processor AdvCash to unlock deposits and withdrawals in the Russian ruble.

Huobi Global now supports ruble deposits and withdrawals

2021-01-13T09:28:03+00:00

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New Year Special

2021 and 2022 are touted to be the most important years for the development of CBDCs.

Cointelegraph predictions for the first 5 CBDCs of 2021–2022

2021-01-11T22:30:00+00:00

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Will Bitcoin end the dollar’s supremacy one day?

Bitcoin will gain from distrust in traditional finance, says bank strategist

2020-12-10T09:23:46+00:00

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The Swiss National Bank and the BIS don’t want to miss out on possible blockchain-powered benefits for the financial system.

Swiss National Bank and BIS complete digital currency proofs-of-concept

2020-12-04T10:24:01+00:00

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Bitcoin has broken record levels against at least nine world currencies as its U.S. dollar price marches toward $20,000.

Bitcoin has hit all-time highs against numerous world currencies

2020-11-17T16:37:15+00:00

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