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What Does Fungibility Mean?

By Kristi Waterworth – Updated Jul 2, 2025 at 12:08AM

Key Points

  • Fungible items can be swapped as they hold identical value, e.g., currency and stocks.
  • Non-fungible items have unique traits, giving them varying values, such as real estate.
  • Fungibility allows smooth trading; uniqueness can add or reduce item desirability.
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