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  1. Home
  2. /Glossary
  3. /Peg
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cryptocurrency

Peg

A fixed exchange rate between two assets.

Definition

A fixed exchange rate between two assets. Stablecoins peg to the dollar, aiming to always equal $1. When a stablecoin loses its peg, it means it's trading above or below its target value.

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Related Terms

Stablecoin

A cryptocurrency designed to maintain a stable value, usually pegged to the US dollar.

USDC (USD Coin)

A stablecoin pegged 1:1 to the US dollar, issued by Circle (co-founded with Coinbase under the Centre Consortium).

USDT (Tether)

The largest stablecoin by market cap, pegged to the US dollar.

Address Poisoning

A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

AI x Crypto

The intersection of artificial intelligence and blockchain technology.

Airdrop

A marketing strategy where crypto projects distribute free tokens to wallet addresses.

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