02Th12
The Different Types of Money in an Economy
ContentUnderstanding Fiat Money in the United StatesHistory of commodity moneyWhat are the differences between money and commodity? One solution to stabilize stablecoins is to establish a one-to-one correspondence with a fiat currency, such as the US dollar. However, that would require a central authority who can control the supply of stablecoins while standing ready to exchange the stablecoins for a fiat currency. The problem with this proposed solution is that stablecoins do not have fiat value, so they have no...