The "peg" is the term used when a token and its underlying asset have the same value.
As an example: 1 stablecoin is supposed to be worth 1 US dollar.
By extension, a "de-peg" occurs when a token loses parity with its underlying asset.
The "peg" is the term used when a token and its underlying asset have the same value.
As an example: 1 stablecoin is supposed to be worth 1 US dollar.
By extension, a "de-peg" occurs when a token loses parity with its underlying asset.