What is a Peg?
The short answer
The target value a stablecoin is designed to maintain, typically $1 for dollar-pegged coins.
A stablecoin “holding its peg” means it’s trading at or very near its target value. A stablecoin can “de-peg” — drift or collapse away from that target — if trust in its backing breaks down.
Related terms
Full glossaryHot Wallet
A wallet connected to the internet, like a phone app — convenient, but more exposed than a cold…
Volatility
How much and how quickly a price moves, in either direction.
Circulating Supply
The number of coins currently in public circulation and available to trade.
NFT (Non-Fungible Token)
A token representing unique ownership of a specific digital (or sometimes physical) item, unlike a coin where every…
Public Key / Wallet Address
The "account number" you can safely share so people can send you crypto.
Private Key
The secret code that proves ownership of crypto and allows you to move it. Whoever holds it controls…
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