Glossary term

Pegged Currency

Refers to the currencies which are linked to a specific (usually government-backed) asset in terms of their price. For example, USDT is pegged to the USD and is…

  • Updated May 21, 2022
  • First published May 21, 2022
  • Reading time 1 minute
Back to glossary

Definition

Understand the fundamentals, context, and nuances behind this term.

Refers to the currencies which are linked to a specific (usually government-backed) asset in terms of their price.

For example, USDT is pegged to the USD and is always valued at $1.

More terms that start with "P"

Browse all