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