Assalamu Alaikum
What is Fiat Coin?
Fiat Coin is generally not a type of crypto currency!
We often see some coins named USD, EUR, TRY, on different exchanges, usually these are fiat coins,
In simple terms, these are the digital versions of the local currency, usually this can be directly called the currency of different countries, currently the American dollar, and the euro in the international market,
In addition to these, there are many other fiat coins on Binance,
And if you want these, you can buy or even hold them on different exchanges,
Fiat coins are usually safe because they are government-backed and controlled by the central bank,
These coins are usually safe, but sometimes inflation is seen in different countries, which can result in the value of this currency decreasing, so I think USD, EURO, these two are safe because there is not much inflation in these two, although inflation occurs, it is not a huge amount,
So I hope everyone understands, I am ending here today, everyone be well, Allah-Hafez
https://x.com/RakibInsid68546/status/1884670561818738961
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https://x.com/RakibInsid68546/status/1884671961810297154
https://coinmarketcap.com/community/post/351985856
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It is a great post of What is the difference between Stable coin VS Fiat coin? How does one work?.
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Thanks for Reading Brother, take Love
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I knew these digital versions of local national currencies but didn't know that they are called fiat coins. this blog has added something new my knowledge. Thank you! : )
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