depegging

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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.

Scrabble 15
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Meanings

noundepegging (countable and uncountable, plural depeggings)

plural depeggings

  1. countableuncountablebankingThe 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.
  2. countableuncountablebusinessA situation where a stablecoin loses its fixed value and trades at a price that is significantly different from its intended peg.
verb
  1. gerundparticiplepresentpresent participle and gerund of depeg
Cite this entry
APA

depegging. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/depegging

MLA

“depegging.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/depegging. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “depegging,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/depegging.

Source: depegging on Wiktionary, CC BY-SA 4.0.