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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…
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.