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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

3 warning signs suggest the Bitcoin price rally is overextended

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

The CEO of the British bank believes stablecoins, CBDCs and even NFTs will likely outgrow cryptocurrencies.

Search for fiat alternative ‘perfectly reasonable,’ says StanChart CEO

2021-10-14T10:24:07+01:00

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Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company.

Crypto fintech MoonPay reportedly aims for $3.4B valuation in first VC funding

2021-10-12T09:12:53+01:00

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The partnership will enable MoneyGram customers to fund and withdraw from their accounts using the USDC stablecoin at physical branches.

MoneyGram launches USDC settlement using the Stellar blockchain

2021-10-07T03:45:44+01:00

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The central bank of New Zealand has outlined the major benefits of CBDC designs based on blockchain technology.

New Zealand central bank releases issue paper on digital currency

2021-09-30T09:38:00+01:00

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The development marks another sign of the digital hryvnia project picking up steam.

Ukraine’s central bank seeks to hire a blockchain developer, job posting reveals

2021-09-29T19:15:00+01:00

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Conflux will provide the technology to launch an offshore RMB stablecoin pegged to China’s CBDC, the digital yuan.

New decentralized stablecoin in China targets international trade

2021-09-23T13:57:42+01:00

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Banking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level.

HSBC CEO backs CBDCs against crypto and stablecoins

2021-09-22T11:05:43+01:00

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Crypto doesn’t pose a big risk for the financial system until it’s adopted enough to be less volatile, the NBU said.

Central bank of Ukraine to promote ‘fair’ Bitcoin regulation

2021-09-21T14:29:24+01:00

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