How to Use fiat money in a Sentence

fiat money

noun

• Since then, the dollar has been fiat money, backed only by faith in the U.S.
  — Roger Lowenstein, WSJ, 4 Mar. 2022
• Despite our best efforts, fiat money moves at the pace of first-class mail.
  — Matt Hougan, Forbes, 12 Oct. 2021
• The norm now is fiat money, which has no intrinsic value and is not backed by anything that does.
  — Cody Cottier, Discover Magazine, 10 Apr. 2021
• These are cryptocurrencies pegged to the value of the dollar, euro and other forms of fiat money, as a way to hedge their bets.
  — Paul R. La Monica, CNN, 24 May 2021
• Bitcoin is a revolt against fiat money**, and an all-meat diet is a revolt against fiat food.
  — Mike Albo and Amanda Duarte, Town & Country, 6 Mar. 2018
• Central banks, on the other hand, own fiat money and can make exceptions by printing more.
  — Rufas Kamau, Forbes, 12 Apr. 2022
• For now, the main utility of cryptocurrency is still as something to be exchanged for fiat money.
  — Tristan Bove, Fortune, 7 Feb. 2022
• Its code ensures that no more than 21m coins can ever be created; that sets bitcoin apart from fiat money, which central banks can create at will.
  — The Economist, 16 Dec. 2017
• Breaches and theft are always going to be issues anytime money is involved, but having crypto stolen from your wallet isn’t the same as having fiat money stolen out of your bank account.
  — Zach Epstein, BGR, 31 Mar. 2021
• But inflation and interest rates fell, while the U.S. maintained its fiat money and flexible dollar exchange rate.
  — WSJ, 21 Apr. 2021
• Since the introduction of fiat money into the global currency market, the U.S. dollar has been viewed as one of the safest forms of tender for international business and banking.
  — Raghav Warrier, National Review, 18 June 2021
• Cryptocurrencies are very different from hard currencies backed by central banks, like the U.S. dollar, which are known as fiat money and have been made legal tender by government decree.
  — Tristan Bove, Fortune, 7 Feb. 2022
• Investigators will also search for where the crypto came from; some victims will have sent fiat money and others digital currencies.
  — Luisa Beltran, Fortune, 21 Dec. 2022
• Politicians prefer the loose constraint of fiat money, which serves as a steady source of revenue in normal times and a convenient tool to reduce the real value of government debt outstanding in extraordinary times.
  — William J. Luther, National Review, 16 Aug. 2021
• The process involves purchasing a cryptocurrency with fiat money.
  — Chris Smith, BGR, 19 Jan. 2022
• In fiat money terms, crypto’s total value has plummeted by 56%, or $1.6 trillion, since November.
  — Greg Ip, WSJ, 18 May 2022
• While little public information exists about how tether is created, the currency generally trades for about $1 because each coin is supposed to be backed by $1 of fiat money in a bank.
  — Matt Robinson and Matthew Leising, latimes.com, 13 June 2018
• Since excessive inflation is one characteristic outcome of a fiat money system, who is really surprised that such a moment might be on us again?
  — WSJ, 22 Oct. 2021
• Only stablecoins that are readily convertible into fiat money on an exchange satisfy the rules, the agency stressed.
  — Matthew De Silva, Quartz, 15 Aug. 2019
• The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it as is the case for commodity money.
  — John S. Tobey, Forbes, 19 May 2021
• In effect, gold serves as an alternative fallback money instrument for adverse states of the world—when investors are unsure about the safety of conventional assets or fiat money in general (e.g. due to the risk of inflation or confiscation).
  — Daniel Tenreiro, National Review, 22 June 2021
• In November, Square published a white paper describing plans for a decentralized cryptocurrency exchange for trading Bitcoin, fiat money or real-world goods.
  — Kurt Wagner, Fortune, 2 Dec. 2021
• It was originally developed as an alternative to fiat money.
  — Greg Khojikian, Forbes, 7 Mar. 2022
• Now the interest from private and institutional investors in new products on the market is higher than ever as fiat money continues to depreciate, making startups’ shares an attractive investment asset.
  — Yusuf Berkan Altun, Forbes, 9 Apr. 2021
• Pro-climate monetary policies need to involve fiat money, meaning money created by central banks, and/or authorized by legislatures.
  — Christian Holub, EW.com, 20 June 2022
• Rival China, which banned initial coin offerings and virtual currencies in 2017, recently allowed Bitcoin trading as virtual property, not as fiat money.
  — Siddhartha Singh, Bloomberg.com, 15 Sep. 2020
• If anything, crypto’s incredible capacity for reinventing wheels should enhance our appreciation for the economic, legal, and social technologies of fiat money, banking, capital markets, and prudent regulation.
  — Andrew Stuttaford, National Review, 17 Oct. 2021

Last Updated: 25 Aug 2024