Cryptocurrencies were conceived as a decentralized and trustless alternative to fiat currency, later emerging as a brand-new asset class. With this developing asset class to displaying volatile price swings, a new sub-class of cryptocurrencies pegged to traditional fiat currencies has begun to emerge. These fiat-pegged coins, known collectively as stablecoins, offer a solution for holders and traders seeking the decentralization benefits of the blockchain along with the price stability characteristics of established fiat currencies such as the US Dollar.
However, these crypto-fiat tokens have only been limited to using mostly USD as their peg. Until now.
Introducing PEG Network.
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