Definition ∞ On-chain cash refers to digital representations of fiat currency, like the US dollar or Euro, that exist and are transferable directly on a blockchain network. These digital assets aim to combine the stability of traditional money with the efficiency and transparency of blockchain transactions. They are typically stablecoins or central bank digital currencies (CBDCs). The objective is to facilitate instant, verifiable payments.
Context ∞ The concept of on-chain cash is a significant topic in financial and cryptocurrency news, particularly with the rise of stablecoins and the exploration of CBDCs by central banks globally. Discussions often center on the regulatory frameworks required for these digital currencies and their potential impact on traditional banking systems. A key debate involves the trade-offs between privacy, control, and efficiency offered by different forms of on-chain cash. Future developments will track their integration into wholesale and retail payment systems.
Blockchain Knowledge
Cryptocurrency Foundation
Cryptospace Newsfeed
