{"id":180755,"date":"2022-05-12T18:25:00","date_gmt":"2022-05-12T22:25:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/fiat-currency\/"},"modified":"2026-03-02T08:32:22","modified_gmt":"2026-03-02T13:32:22","slug":"fiat-currency","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/fiat-currency\/","title":{"rendered":"Fiat Currency"},"content":{"rendered":"<p>Fiat currency is government-issued money not backed by a physical commodity. Its value derives from legal tender status and monetary policy credibility. The U.S. dollar and euro are examples. Unlike cryptocurrencies, fiat relies on centralized issuance and banking intermediaries for settlement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A fiat currency is a national currency that is not pegged to the price of a commodity such as gold or silver. 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