Sentences with phrase «backed by fiat currency»

Also, the issue whether a token that is fully backed by fiat currency falls under the definition of a cryptocurrency is questionable and will be put on the agenda of the next scheduled Index Committee Congress.

Tether (USDT) is a digital token that is backed by fiat currency, in this case by US dollars.

The UBS innovation team has recently proposed a so - called «settlement coin», which could be backed by fiat currency and become usable even within the existing regulatory framework.

A new detailed report released by Hong Kong - based cryptocurrency trading platform BitMEX has found possible published evidence that Tether's network is backed by fiat currency in Puerto Rico's banking system.

Tether claims all of its coins are backed by fiat currency stored in a reserve.

Tether, a digital token backed by fiat currency, also experienced banking problems in 2017 when all international wires to Tether were frozen by Tether's Taiwanese banks.

Tether digital cash is a token working on top of the blockchain and backed by fiat currency.

Tether digital cash is a token working on top of the blockchain and backed by fiat currency.

Tether, the altcoin backed by fiat currencies USD and EUR, has issued another 300 mln USDT tokens priced at $ 1 per token on Tuesday March 20, according to data from Omni Explorer.

Not exact matches

She asked them to consider a safe harbor for virtual currency startups, and to consider only regulating exchanges that change so - called fiat currencies — or legal tender that's not backed by physical commodities like gold — into virtual ones.

Most world currencies are fiat currencies, but they are backed by sovereign states.

The USD is a fiat currency directly backed by nothing, the supply of which can be arbitrarily altered and manipulated by a group of unelected bureaucrats in charge of the Federal Reserve.

The company was incorporated in 2014 and is backed by SEED Capital Denmark, SEB Venture Capital and Accelerace. Coinify.com platform offers blockchain currency trading and payment processing services: individuals can buy and sell blockchain currencies; and merchants can accept blockchain payments in 15 currencies and receive payouts in fiat.

Unlike in the past, when you could exchange your dollars or any other currency for physical gold, fiat currency is not backed up by anything else than a number printed on a piece of paper.

If the token is backed by a tradable good, such as gold, real estate, storage space, etc., then it is known as a Security token (these are often more heavily regulated because they are more similar to fiat currencies).

If one takes a few minutes to really think about the medium that we accept as money today, fiat currencies made out of cotton fiber backed by nothing except militaries, murder, death, and threats of murder and death, then one should easily conclude that fiat currencies literally have no intrinsic worth.

The dollar became a fiat currency, one backed by an arbitrary decree from the U.S. and the floating exchange rates we have today were born.

Since is is backed by an actual fiat currency, it allows the users to move their preferred fiat money in and out of a certain exchange efficiently and in a cheaper transaction rate.

The definition of «fiat money» is a currency that is legal tender but not backed by a physical commodity.

The nouveau logic surrounding this fiat currency regime states that confidence and trust for a piece of paper backed by faith will always trump the desire for people to hold something tangible.

Or that they are not «backed» by anything despite the fact that fiat currencies are no longer backed by physical commodities either.

The Fed's role will be to get the cash hoarders back into speculating on the newly de-toxified MBS by scaring the beejesus out of them with a knock out combination of fiat currency debasement and near zero yields.

The US dollar went off the gold - exchange standard and the US dollar became a purely fiat currency backed by nothing but government decree which allows the Federal Reserve to print money ad nauseum.

This second solution simply takes us back to square one: will Bitcoin become the primary currency, or will it be pushed aside by the new blockchain - based fiat exchanges?

At the end of the day, it shares most of the characteristics with the fiat currencies that we are used to, but instead of being backed by «gold» or some other valuable asset, cryptocurrencies are backed by the network and the individual that they stand on.

And since the Swiss franc is no longer backed by gold, it's just another fiat currency.

You can already hold the value of basically any fiat currency backed by bitcoin with the Abra app.

TrustToken, a global platform for tokenizing fiat currencies and real - world assets backed by Stanford - StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat - backed stablecoin to offer token - holders legally protected certificates of ownership of US Dollars.

In late January, TrustToken, a global platform for tokenizing fiat currencies and real - world assets backed by Stanford - StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat - backed stablecoin to offer token - holders legally protected certificates of ownership of US Dollars.

Digital currencies, such as bitcoin, are largely self - regulated and not backed by a central bank, making them popular as an alternative to fiat currency.

It's not as simple as traditional fiat currency, with notes backed by a central bank and transferred through clearinghouses.

Unlike a traditional, fiat currency, bitcoin is not controlled by anyone, nor is it issued or backed by a central bank.

If the present growth momentum of Bitcoin maintains its stride in days to come in terms of infrastructure, user base, trading volume, transaction volume and adoption by big financial bodies, then nothing can stop Bitcoin from posing as a big threat to the government backed fiat - currencies issued by central banks.

By backing their tokens with real fiat currency and offering unprecedented legal protection as well regular and transparent auditing of their assets, it will be hard to ignore TrueUSD as it proves itself a serious contender in the emerging world of stablecoins.

When Christin took other factors into account, like the possibility of Silk Road users buying bitcoin to fund their dark market purchases and then trading bitcoin back to fiat currency, the number of potential transactions attributed to Silk Road activity could double from a conservative estimate of 4.5 % to as much as 9 % of all bitcoin trading activity, as measured by traded value on exchanges at the time.

Against this background state - sponsored cryptocurrencies seem an «ideal» solution by virtue of their «safety,» namely they are just as innovative technologically, but at the same time as familiar as the standard fiat currencies, thanks to a central bank's backing.

Unlike bitcoin, Tether tokens are backed by reserves of fiat currency held by the company, Tether Limited.

The currency is something that is strictly digital and is not backed by any one source or government such as fiat currencies.

Recent reports have shown that the small country of Kazakhstan has interest in entering the cryptocurrency market with a coin backed by fiat - currency.

Today, the US dollar, like all fiat currencies, is solely backed by the «full faith and credit» of the nation's government.

Tether Limited has designed currencies that act as anchors or «tethers» to fiat currencies like the US dollar or the euro, where every tethered cryptocurrency issued in circulation is backed by a 1:1 ratio with traditional currencies held in deposit by Tether Limited.

All of their digital tokens need to be backed up by the same amount of fiat currency.

Tether currencies are claimed to be 100 % backed by actual fiat currency assets in the company's reserve account.

A fiat currency, like the US Dollar, is a currency that is backed by the government that issues the money but isn't backed by a physical commodity.

• X8currency, a stable digital stable currency backed by a diversified investment portfolio of fiat currencies.

Tether coins are supposed to be backed up by fiat currency.

The GLX is 100 % backed on a 1 - to - 1 ratio and for every GLX issued by the Prime Bank there will be collateral ibn fiat currencies and gold.

Rilcoin founders Ms. Suzette Paulsen, US - based business women & Mr. R. Kathiriya, a businessman from Indian origin, based in the UK, came together with an idea of a decentralized asset management system backed by an innovative cryptocurrency which has all good features of fiat currency.

Rupee Coin is a decentralized open - source blockchain cryptocurrency and has no relation to fiat rupee currencies (backed and issued by their respective governments).

Unlike a fiat currency, where it is backed by an entity or physical value, cryptocurrencies are backed by the market as a whole.