Depeg is a term used in finance and cryptocurrency to describe the situation when an asset, such as a stablecoin, becomes uncoupled from its pegged value, typically a fiat currency like the US dollar. This event often results from market conditions, regulatory changes, or a loss of confidence among investors. The concept of pegging is common in stablecoins, which are designed to maintain a stable value by being linked to a reference asset. When the assurance of this value is lost, the asset is said to be .