Explanation of fiat currency

Fiat money is a currency without intrinsic value established as money by government regulation or law.

You can read more about fiat money on Investopedia.

Examples of fiat currencies are:

  • the United States Dollar (USD),
  • the Eurozone euro (EUR),
  • the United Kingdom’s pound sterling (GBP),
  • the Japanese Yen (JPY),
  • the Chinese Yuan (CNY).

Fiat currencies available on Kraken.On Kraken, we currently refer to Fiat currencies as ‘Cash’ as it is a more commonly understood term.

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