Company Information

Get to know PegNet

PegNet is an open-source, decentralized finance (DeFi) protocol that operates as a stablecoin network on top of the Factom and Ethereum blockchains. Its core function is to allow users to convert between various assets, such as fiat currencies (like pUSD, pEUR) and cryptocurrencies (like pBTC, pETH), without the need for a counterparty, order books, or liquidity pools. Conversions are executed based on a robust set of price data provided by miners, who act as oracles. The project's mission is to provide a decentralized, autonomous, and auditable platform for stable value transfer and arbitrage.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

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PegNet

Switzerland

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.