Fiat money is a currency that is issued and backed by the government of a country. One of the main advantages of fiat is its universality. They are accepted everywhere and are used in everyday transactions. In addition, fiat money has price stability, making it a reliable medium of exchange. You can learn about this and more from the article https://www.techguide.com.au/news/cryptocurrency/what-is-the-difference-between-cryptocurrencies-and-fiat-money/. I am sure you will find a lot of interesting things there.
I agree, fiat money provides stability in the economy. However, they have disadvantages as well. First, inflation can reduce their purchasing power over time. Second, they are susceptible to political and economic crises, which can lead to devaluation and loss of confidence in the currency.
