depegging
Word Rarity
Very rare
Frequency: Zipf frequency 0.00 in modern English
15
Scrabble Score
9
Letters
3
Syllables
6
Unique Chars
Meaning
noun
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
noun
A situation where a stablecoin loses its fixed value and trades at a price that is significantly different from its intended peg.
Countable; Uncountable