What is Fiat-Backed Stablecoin?

Fiat-Backed Stablecoin

Crypto

Fiat-Backed Stablecoin: A fiat-backed stablecoin holds cash and short-term government debt against every token issued, redeemable one for one by approved parties.

Used in these stories

Bank of England Stablecoin rules set to match the US framework6 November 2025
USDS and USDe Add $5B to Stablecoin Market27 July 2025
Euro-backed stablecoin EUROC (Euro Coin) launched by Circle17 June 2022
FTX US to offer stock trading against stablecoins19 May 2022

Related terms

Algorithmic Stablecoin
Crypto-Collateralised Stablecoin
Fiat Currency
Fiat Off-Ramp
Fiat On-Ramp
Payment Stablecoin
Redemption (Stablecoin)
Stablecoin

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