Peg/De-Pegging vs Stablecoin

A peg is a mechanism that maintains a cryptocurrency's price at a fixed target value, typically one US dollar. De-pegging occurs when market forces or design failures cause the price to deviate significantly from that target.

A cryptocurrency designed to maintain a stable value by pegging to a reference asset like the US dollar, using fiat reserves, crypto collateral, or algorithmic mechanisms to minimise price volatility.