Yeah, I was wondering the same thing. Glad you posted the question. Here's a ten cent upvote for that. Apparently I'm the first to reply so there's no answer yet and I sure don't know the answer. Does anyone know what's going on with the Steem dollar?
SBD trades like any other crypto so it can fluctuate, but the fact that the FAQ's state there is a mechanism in place to keep it near a $1. . .Which is what I am questioning? Not a big deal because you can just swap your SBD for Steem, but if there is something in place to regulate, then it is obviously not working properly. . not complaining one bit as the ratio is almost 3/1 now.