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Assets & tokens

Explore digital assets, token models and the mechanisms that shape their use and risks.

Search names and aliases. Each definition links to its sources.

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8 terms

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Altcoin

An informal market term commonly used for cryptocurrencies other than bitcoin, with boundaries that vary between speakers.

Also known as altcoins

Cryptocurrency

A digital asset used for value exchange whose transfers and records are governed by cryptographic mechanisms and a blockchain or other distributed ledger.

Also known as cryptocurrencies

Fiat currency

Government-issued money, such as the euro or US dollar, whose monetary framework is not based on a promise to redeem each unit for a fixed commodity quantity.

Also known as fiat money

Non-fungible token

A blockchain token identified individually rather than treated as interchangeable with every other token of the same type.

Also known as NFT, NFTs

PayPal USD

A US dollar-referenced stablecoin branded by PayPal and issued by Paxos, with backing and redemption governed by the issuer’s terms.

Also known as PYUSD

Stablecoin

A cryptoasset designed to track a reference value, commonly a currency, through a specified backing or stabilization mechanism.

Also known as stablecoins

Tether USDt

A US dollar-referenced token issued by Tether, intended to track one US dollar under the issuer’s reserve and redemption arrangements.

Also known as USDT

USDC

A US dollar-referenced stablecoin issued by Circle, designed for one-to-one redemption under the issuer’s applicable terms.

Also known as USD Coin