noun, verb ·Rare ·Advanced level

Definitions

Noun

1. 1
   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. countable, uncountable
2. 2
   A situation where a stablecoin loses its fixed value and trades at a price that is significantly different from its intended peg. countable, uncountable

Verb

1. 1
   present participle and gerund of depeg form-of, gerund, participle, present

Synonyms

All synonyms

unpeg

Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.