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.

Founded in

Switzerland