SBD is not pegged to USD because the price of SBD is dictated by supply and demand on the Steem blockchain, which is distinct from the USD. SBD operates as a deflationary currency on the Steem blockchain, meaning that its value increases over time relative to other currencies like USD or BTC. As such, it is not possible to peg it to a particular currency like USD.
SBD is not pegged to USD because the price of SBD is dictated by supply and demand on the Steem blockchain, which is distinct from the USD. SBD operates as a deflationary currency on the Steem blockchain, meaning that its value increases over time relative to other currencies like USD or BTC. As such, it is not possible to peg it to a particular currency like USD.
command: !ask is powered by witness @justyy and his contributions are: https://steemyy.com
More commands are coming!.
!ask is currently based on ChatGPT-3.5