An asset-backed tokenTokens are created and distributed on a blockchain and can represent a variety of assets or utilities, including commodities, loyalty... is a cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... 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.... 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.
