Altcoins > State-backed cryptocurrency

How Fiat-Backed Stablecoin is created?

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shirawilliam:
Fiat-Backed stablecoin is nothing but a type of stablecoin which is created by backing cryptocurrency token with the famous real-world fiat currency. Stablecoins are usually pegged with some real-world asset like fiat, gold, silver, etc. The very famous stablecoin in the market is Tether. And people are eager to create a stablecoin because it used to stabilize the crypto value which is its well-known characteristic.

Know more about fiat-back stablecoin ping here.

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