iFiat Ecosystem uses decentralised blockchain technology (Agate blockchain) to resolve many of the fundamental issues in the cryptoeconomy, which will facilitate transactions very economically and in real-time.

The blockchain also has its own objects; more details have been described in its section. Fiat-pegged cryptocurrency works like a fiat credit or stable coin and is called “iFiat.” All iFiat will initially be issued on Agate blockchain, so they exist as a cryptocurrency token. Each iFiat unit issued into circulation is backed on a one-to-one ratio (i.e., one iFiat iUSD is one US dollar) by the corresponding fiat currency unit.

Agate iFiat has a lot of advantages over other fiat-pegged cryptocurrencies.