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 ...

Fiat currency is backed by government resources, not physical assets like gold. Fiat allows flexible money supply management, aiding economic stability. Political instability and mismanagement can ...

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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Differentiating between fiat and cryptocurrency is crucial to comprehend the evolving landscape of finance and the inherent strengths and challenges each form of currency presents. Fiat money, ...