Digital currency encompasses a variety of forms, each with unique characteristics. Here are some examples:
- Bitcoin (BTC): The first and most well-known cryptocurrency, decentralized and peer-to-peer.
- Ethereum (ETH): A blockchain platform that supports smart contracts and decentralized applications.
- Tether (USDT): A stablecoin pegged to the US dollar, offering price stability.
- Ripple (XRP): Designed for cross-border payments and transactions between financial institutions.
- Central Bank Digital Currencies (CBDCs): Digital versions of fiat currencies issued by governments.
These examples illustrate the diversity within the digital currency landscape, from decentralized cryptocurrencies to government-issued digital money.