So, Bitcoin is a fiat currency. Not government-controled*, but still fiat (despite some Bitcoin evangelists preaching "Bitcoin is not a fiat currency!") Now, T

So, Bitcoin is a fiat currency. Not government-controled*, but still fiat (despite some Bitcoin evangelists preaching "Bitcoin is not a fiat currency!") Now, Tether seems to be also a fiat currency not because it is backed by another fiat currency (US Dollars, but even then Tether will still be technically a pegged fiat currency) but because of the fait that it is backed by US Dollars. Sounds about right. /s * That I knew of, of course.