PegNet maintains the auditable, non-custodial network that allows for transferring value and simplifying the conversion process from one asset to another.The platform runs on top of Factom, an unalterable record-keeping system that lives as a data layer on the Bitcoin blockchain. The company’s product can be useful to businesses and governments alike as a means of saving data such that it can’t be modified or deleted.PegNet users can transact with 32 different supported assets without relying on any intermediaries, and the average fees clock in around one-tenth of a penny. We caught up with Factom’s chairman of the board, David Johnston, to learn more.

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PegNet is a decentralized network of non-custodial stablecoins. Each stablecoin can be pegged to currencies, precious metals, stocks, indexes etc

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