
Understanding Fiat Money and Its Future
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Fiat money is a government-issued currency that holds value not because of any intrinsic worth or a guarantee of exchange for a commodity, but because of public trust in the issuing authority. Common examples include the U.S. Dollar, Euro, British Pound, and Japanese Yen. While fiat money has become the global norm, its dominance is now being questioned by the rise of cryptocurrencies and digital assets.