Stablecoins & Real-World Assets

Fiat-Backed Stablecoin

Also: Fiat-Pegged Cryptocurrency

A stablecoin backed by reserves of cash and short-term government securities held by an issuer, and redeemable one-for-one. USDT and USDC are the largest. The safety question is the quality and transparency of the reserves and the issuer's ability to honor redemptions.

General education, not investment, legal or tax advice. Markets and regulation change quickly: where a definition depends on current law or on a recent event, check the latest coverage before relying on it.