An asset-backed tokenTokens and Coins are often erroneously regarded as interchangeable terms. However, while both Tokens and Coins share technical similarity, tokens... Read More is a cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... that represents underlying real-world assets, such as commodities, gold bullion, or fiat currencyFiat currency is a legal tender backed by the government that issues it. Fiat currency derives its value from the... Read More. The token’s value is pegged to the underlying asset’s current market price. Asset-backed tokens trade on exchanges and can be used for purchases.
