Cryptocurrency Terms to Know Before You Invest
Here is a quick guide to cryptocurrency terms. We define technical terms, slang, acronyms, and other jargon related to cryptocurrency.
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UIA
User-Issued Assets, Tokens that can be created on the BitShares network.
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USDT
The acronym for stable coins issued by Tether Limited: U.S. Dollar Tether.
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UTILITY TOKEN
A unit of currency consumed in a process. For example, an arcade token that gets used when a game is played or a coin like BNB Binance token, which is used to pay exchange fees.
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UTXO
Unspent transaction output. For example, if an individual receives 1 BTC and holds it, they possess a UTXO.