Let's talk about the Rights to Fiat Currency assets available on Mesh. These assets are a unique feature of Mesh, offering a selection of tokens issued on the Stellar blockchain by external issuers and pegged to specific fiat currencies, such as the US Dollar or Euro. 

 

When you purchase these tokens on Mesh, you are effectively buying the right to redeem them for the corresponding amount of fiat currency at any time. This means that the value of the tokens should remain stable and predictable, as they are pegged to the value of the underlying fiat currency. These tokens can be used as a StableCoin alternative for traders who wish to reduce their exposure to the volatility of other cryptocurrencies, or for individuals who want to hold their funds in a stable fiat currency but still benefit from the advantages of blockchain technology, such as fast and low-cost transactions. 


It is important to note that the external issuers of these tokens are responsible for maintaining the peg to the corresponding fiat currency. Mesh does not have any control over the issuers or the value of these tokens, but we make them available for purchase on our platform for the convenience of our users.