Glossary · Assets

What is Fiat peg?

A fiat peg is a commitment to hold a token's price to a national currency: one token, one unit, maintained by reserves and redemption. The peg turns a currency's stability into a blockchain property, which is why every major currency now has tokens tracking it.

Pegs differ in discipline: reserve-backed stablecoins redeem on demand; algorithmic schemes (the ones that failed) relied on incentives. The listed question on U.CASH is always who redeems, for what, under whose regulator.

Fiat peg on U.CASH

Nineteen currencies have pegged tokens on U.CASH, from the dollar's ten to single-issuer currencies like TRYB and ZARsc. Every currency page lists its pegs with issuers; every asset page names the regulator.

See also

Currencies and pegsStablecoin

Fiat peg: FAQ

How is a peg enforced?
By redemption: holders who can always exchange one token for one unit of the currency with the issuer make arbitrage defend the price. Reserves and regulatory oversight keep the promise credible.
Why does a currency page matter if I settle in crypto?
Because the peg is the bridge: pricing in a currency, settling in its token, no FX step. The currency pages map which rails and which tokens meet on one checkout.
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The glossary, A to Z

Every term behind the rails, the assets, and the settlement.