cross-border transactions using blockchain infrastructure while simplifying the user experience for individuals who may not be familiar with cryptocurrency technologies. The company's platform allows users to transfer funds to email addresses, phone numbers, or cryptocurrency wallet addresses, supporting international peer-to-peer payments and remittances. Peg utilizes USD Coin (USDC) and blockchain networks to process transactions, enabling digital dollar transfers without relying on traditional banking rails for settlement.

Peg's wallet incorporates self-custody functionality, allowing users to maintain control of their digital assets while providing features such as cloud-based encrypted backups and biometric security. The platform is designed to combine digital asset ownership with consumer-oriented payment tools, making stablecoin transactions accessible through a mobile-first interface. In addition to payment services, the company supports stablecoin purchases, storage, and transfers, enabling users to manage digital dollar balances for savings, spending, and international transactions. Its services are intended to support individuals seeking alternatives to conventional cross-border payment methods and banking systems.