Fiat-Backed Stablecoins – The Basics
💰 What Are They? Tokens backed 1:1 by fiat currencies like USD or EUR.
🏦 Examples: USDC, USDT, TUSD, and EUROC.
🧾 How They're Used: Trading, saving, and bridging off-chain to on-chain.
🚨 Watch Out: Not all “backed” tokens are fully transparent.