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Fiat currency

Short Description:

Government-issued currency, such as the US dollar or the Euro.

Main Description:

Fiat currency is government-issued currency that holds value based on the trust and confidence of the users, rather than being backed by a physical commodity. Fiat currency represents traditional legal tender, such as the US Dollar (USD) or Euro (EUR), which can be exchanged for cryptocurrencies on fiat-crypto exchanges and used as a medium of exchange within the XRPL and other blockchain networks.