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legal tender

noun as in money backed by government

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All UK coins featuring the late Queen's profile remain legal tender and in active circulation, alongside her son's coins.

From BBC

Last year, the country welcomed a record 3.9 million tourists, including cryptocurrency evangelists drawn by Bukele’s short-lived experiment in making Bitcoin legal tender.

From Los Angeles Times

"I'll accept any legal tender - I'm not going to tell people how to pay for their goods," she added.

From BBC

Suddenly I realized — a shock to the system! — you needed legal tender in order to live.

From Salon

In 2022, CAR became the world's second country after El Salvador to adopt the cryptocurrency Bitcoin as legal tender.

From BBC

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legal tender

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