depegging (English, noun)
expansion: depegging (countable and uncountable, plural depeggings)
Senses:
topics: banking
business
finance
glosses: 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.
tags: countable
uncountable
topics: business
cryptocurrencies
cryptocurrency
finance
glosses: A situation where a stablecoin loses its fixed value and trades at a price that is significantly different from its intended peg.
tags: countable
uncountable
Forms:
form: depeggings
tags: plural