Fiat currency, or simply FIAT, is a type of currency that is issued and controlled by a government or central bank. It is the most common form of currency used in the world today.
DeFi is a financial system that operates on blockchain technology. It allows users to access financial services such as lending, borrowing, trading, and investing without the need for traditional financial intermediaries.
USDT, BUSD, and USDC are all stablecoins that are pegged to the US dollar, but there are several key differences between them that are important to understand for those looking to use or invest in these cryptocurrencies.