depegging

English

Noun

depegging (countable and uncountable, plural depeggings)

  1. (banking, finance) 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. (cryptocurrencies) A situation where a stablecoin loses its fixed value and trades at a price that is significantly different from its intended peg.

Verb

depegging

  1. present participle and gerund of depeg
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