Genx Beats Crypto

Buy Hiphop and Rap Beats with Cryptocurrency

What is “peg” in cryptocurrency context?

“Pegging” in the context of cryptocurrency refers to fixing the value of a crypto asset to another asset or index. This is commonly seen with stablecoins, which are cryptocurrencies designed to have stable values by being pegged to more stable assets like the US dollar or gold. The peg helps make stablecoins less volatile, making them more suitable for everyday transactions and as a store of value.

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