Today stablecoin network PegNet cleared $500 million dollars in conversions, according to data from PegNetMarketCap.com. This means a half-billion dollars in value has moved over the platform’s rails since it launched in August 2019.
PegNet is a decentralized non-custodial network of tokens that are pegged to different world currencies and assets, including gold, the euro, and the US dollar. PegNet maintains the auditable, non-custodial network that allows for transferring value and simplifying the conversion process from one asset to another.