Pegged Currency
A pegged currency is a type of stablecoin that keeps its value tied to something real, like a traditional money (fiat currency).
More terms under P
- Peer-to-Peer (P2P)Peer-to-Peer (P2P) refers to a way for people to interact directly with each other over a network, without needing a central authority. In this system, tasks…
- Peer-to-Peer (P2P) LendingCrypto P2P lending is when people lend money or assets directly to each other without a bank or other middleman involved. Borrowers provide collateral, which…
- PegA peg is a set price that keeps the value of one asset tied to another asset, helping to stabilize its exchange rate.
- Permissioned BlockchainA permissioned blockchain is a private network where only certain approved users can participate and access the data.
- Permissioned LedgerA permissioned ledger is a type of digital record where only certain people or organizations are allowed to see or use the information.
- PermissionlessA permissionless system, like many blockchains, allows anyone to use it without needing approval from a central authority.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.