Not true my friend 1 Bitcoin = 1 Bitcoin
Volatility comes from Scarcity, High Liquidity (easy transfer), Easy BUY and SELL Orders in the hands of the whole world not like the case of Gold or whatever...
Dont look at its price vs. Fiat
It is the Hardest Secure Digital Unit Of Scarcity Ever Created and Agreed On (Network Consensus)
Pegged is like a Backed, You may pegg to Bitcoin Or Gold, but this kind of pegg is a CENTRAL Controled Shady Operation. A BAD ONE