Fiat money refers to a type of currency that holds value because a government declares it as legal tender, rather than being backed by a physical commodity like gold or silver. Most modern economies ...

Definition: Fiat currency is a form of money or tender not backed by a tangible asset or commodity like gold or silver. It’s usually mandated by governments, but this isn’t always the case. The ...

Fiat is a centralized currency issued by a government, whereas cryptocurrency is a decentralized currency leveraging blockchain technology. Most modern currencies are described as fiat—issued by the ...

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