Fiat-Backed Stablecoin
German: Fiat-besicherter Stablecoin
A stablecoin whose issuer holds a reserve of cash and short-dated instruments against outstanding tokens and undertakes to redeem them, typically at par.
Why people look this up
Readers assessing issuer and reserve credit: what is in the reserve, where it is held, and who has the redemption right.
Auf Deutsch
Fiat-besicherter Stablecoin — Ein Stablecoin, dessen Emittent eine Reserve aus Bankguthaben und kurzlaufenden Instrumenten gegen die ausstehenden Token hält und sich zum Rücktausch, in der Regel zum Nennwert, verpflichtet.
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.