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RE: Binance Chain
Its better than tether, but does no longer actively track the value of USD. This means that there is a larger risk to it. If I buy SBD now for 3$, they might go back to 1$ in a month or so.
So I think the logical replacement for tether would be bitusd. These are not likely to be worth much more than 1$ since they can be minted by everybody, opposed to the issuing of SBD that is controlled by the blockchain itself.
You are right that it will go back to a dollar, but definitely not in a month. The supply is just too low. To get there faster, we need more users. To get more users, we need the value of SBD to go up and for it to be listed where we use crypto.