Pegged currency is a digital currency directly connected and has equal value to its designated currency, such as USD or EUR. A pegged cryptocurrency is also referred to as a stablecoin.
Tether is one of the most popular pegged cryptocurrencies. Here are three examples of Tether being pegged to conventional currencies:
- 1 USDT is pegged to 1 USD.
- 1 EURT is pegged to 1 EUR.
- 1 CNHT is pegged to 1 CNH.
If you need any assistance from our Support team, do not hesitate to contact us. Check out this article on How to Contact Support.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article