verb | dee·peg
Depegging is like when your girl leaves you for a dude with a bigger dick - it's when a stablecoin loses its peg to the US dollar and starts trading at a discount. It's like finding out that your "sure thing" investment was actually a one-way ticket to Rekt City.
Example
"I put my entire life savings into UST because I thought it was a safe bet, but then it depegged harder than a mf and now I'm living in a van down by the river. Should've stuck with good old-fashioned shitcoins like DOGE!"
"Tether be like 'we're fully backed by reserves bro trust us' but then they depeg every other week and everyone's like 'this is fine' while their portfolios burn. It's like watching a slow-motion train wreck, but with more memes."
