🪙Tokenized Fiats

TokenizedFiats, TF's for short, are the primary innovation of FiatRexa, while they may appear and feel similar to Stablecoins; they are different in a few key areas: 1. More Decentralized Tokenized Fiats are minted by multiple trusts, based on the assets they hold. They are managed programmatically; no individual person nor entity can push a button and mint into or out of existence tokenized fiats like they can with stablecoins today. Until we achieve direct integrations with central banks who see & understand the dangers in CBDC's, we will not be as decentralized as we would like. Even when these integrations are achieved, these central banks themselves, are centralized. It's in the name. We hope to find good-actors throughout such organizations whom the FiatRexa community can collaborate with in-order to achieve decentralized systemized processes which unlock the potential for effective UBI programs not previously possible without FiatRexa's common good protocol infrastructure. 2. Blockchain Agnostic Stablecoins are becoming more blockchain agnostic; however, they often rely on a particular chain more than others, usually Ethereum. This isn't inherently bad, but it does pose a risk vector if anything were to happen to Ethereum. By allowing a multitude of blockchains to be supported, the protocol develops a more robust and decentralized level of security across the supported blockchains. 3. Expanded Protocol Functionality The TokenizedFiats themselves are a part of the broader FiatRexa common good protocol with various and growing features and functions, they offer more value because of this. For instance, they can be used to lock into vaults or strategies for generating yield, they can be used via a credit card, they can be used in codeless-accessible escrow contracts for trade, LP's, and more.

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