Uruguay Peso
Networks
Supported exchanges
About the coin
The Uruguay Peso (UYU) is the official currency of Uruguay. It is a fiat currency, meaning its value is not backed by a physical commodity but by the government that issued it.
Unlike cryptocurrencies that operate on decentralized blockchain networks, the Uruguay Peso functions within a traditional centralized financial system.
The symbol for the Uruguay Peso is UYU. This symbol is used to represent the currency in financial transactions and exchanges.
The slug associated with the Uruguay Peso is 'uyu'. This is often used in digital contexts, such as in data feeds or online financial platforms.
The Uruguay Peso is not a stablecoin. Stablecoins are designed to maintain a stable value relative to a specific asset, typically a fiat currency or commodity. The UYU, as a national currency, experiences fluctuations in its value based on economic factors.
The status of the Uruguay Peso is 'active'. This indicates that it is currently in circulation and is the recognized legal tender in Uruguay.
The Uruguay Peso operates on what is designated as the 'FIAT' chain. This signifies its nature as a fiat currency, distinct from cryptocurrencies that run on various blockchain protocols.
The type of the Uruguay Peso on the FIAT chain is 'native'. This highlights its fundamental role as the primary currency of the nation.
The Uruguay Peso has a decimal value of 8. This means that the currency can be divided into smaller units up to eight decimal places, which is a standard for digital representations of currencies.
The Uruguay Peso does not have a 'token_standard' in the way that many cryptocurrencies do. Token standards, such as ERC-20 or BEP-20, are specific to blockchain-based tokens and do not apply to traditional fiat currencies.
Similarly, the Uruguay Peso does not have a 'contract_address'. Contract addresses are unique identifiers for smart contracts on a blockchain and are therefore not relevant to a fiat currency.
In summary, the Uruguay Peso (UYU) is the active, native fiat currency of Uruguay. It operates within the traditional financial system and is distinguished from digital currencies by its lack of a blockchain-based token standard or contract address.
Trust & methodology
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Data source: Price and volume snapshots are maintained from the current Gygaz market dataset for this asset.
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