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Crypto-Pegged Synthetic Tokens are digital assets whose value is linked or "pegged" to another asset. This underlying asset can be a fiat currency, a commodity, another cryptocurrency, or even a combination of assets. The primary objective of these tokens is to mirror the value of the underlying asset, providing users with the ability to gain exposure to the asset without actually owning it.
These synthetic tokens are created and managed using blockchain technology and smart contracts. By leveraging these technologies, Crypto-Pegged Synthetic Tokens offer a decentralized, transparent, and secure way to access a wide range of assets.
By Rakesh PatelCrypto-Pegged Synthetic Tokens are digital assets whose value is linked or "pegged" to another asset. This underlying asset can be a fiat currency, a commodity, another cryptocurrency, or even a combination of assets. The primary objective of these tokens is to mirror the value of the underlying asset, providing users with the ability to gain exposure to the asset without actually owning it.
These synthetic tokens are created and managed using blockchain technology and smart contracts. By leveraging these technologies, Crypto-Pegged Synthetic Tokens offer a decentralized, transparent, and secure way to access a wide range of assets.