Fiat Protocol
digital fiat
What it is
Fiat Protocol is an intermediary connecting ecosystems and their native fiat (PayPal, Banks, Circle, Tether, Forex, Cashapp, and etc)
The Fiat Protocol backs USD with $USDY and $yUSDC; making fiat liquid and transactions non-taxable; and then backing digital euro, digital yen, and digital peso with digital dollars (since the dollar has a constant price of 1, backing other fiat with the dollar will allow the Fiat Protocol to also earn from economy (arbitrage/volatility)
The Fiat Protocol allows cross-border payments, on/off ramping between ecosystems, along with a secure foundation for stocks, real-estate, inventory, personnel, and payroll to be managed safely
How it Works
The Fiat Protocol is constructed as a multi-chain & multi-ecosystem protocol by putting apis, pricefeeds, explorers, and contracts linearly on the Chainlink Runtime Environment for interoperability, speed, security, and efficiency
Links
Created by
- Christian Jones