English Explanatory Dictionary

depegging

English dictionary entry

Meanings

noun
  1. The process where a nation or entity allows the value of its currency to fluctuate freely in the foreign exchange market, removing the fixed exchange rate or peg to another currency.
  2. A situation where a stablecoin loses its fixed value and trades at a price that is significantly different from its intended peg.
verb
  1. present participle and gerund of depeg

Word forms

depegging depeggings
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