coingecko (thumbnail mini)
Continue in app
Track prices in real-time
Open App
coingecko (thumbnail mini)
Continue in app
Track prices in real-time
Open App
EN
Language
Subscribe
CoinGecko Logo
CoinGecko Logo (White)
Search
CoinGecko Logo
CoinGecko Logo (White)
coingecko candy jar
Portfolio
Portfolio New Beam (beta) Price Alert Login and Security Developer's Dashboard Subscription Sign Out
Login Sign Up
Search

Fiat-Pegged Cryptocurrency

By CoinGecko | Updated on Mar 03, 2020
Certain cryptocurrencies are pegged to an underlying asset, such as the USD Coin (USDC), which is a stablecoin by Coinbase. A USDC token is issued for every $1 kept in Coinbases' reserve. A pegged cryptocurrency can be pegged to any asset and then issued on a blockchain. As long as the cryptocurrency can be redeemed for the underlying asset, it can be considered as a pegged cryptocurrency.

Share this with a friend!

Related Terms

51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
Altcoin
Coins althernative to Bitcoin
Decryption
The process of decrypting data that was previously encrypted (made unreable) back to a readable form.
Mining
It is the process of the miners verify and adding transaction recors into a block.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.