Hello wonderful people, how are you today? I hope you're having a fantastic week. I'm ecstatic to be a part of this unforgettable lecture. In this article, I'll share my experience with one of my favourite stable coin as given by @yohan2on

so let's get started.

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What is a stable coin?

Stablecoins are cryptocurrencies that are structured to reduce the market volatility of the stable coin in relation to a "stable" asset or basket of assets. A stable coin may be connected to a cryptocurrency, fiat currency, or commodities on the exchange (such as precious metals or industrial metals).

Example of some stable coins :

Tether (USDT)
Paxos Standard (PAX)
True USD (TUSD)
USD Coin (USDC)
Binance USD (BUSD)

Today, however, we'll talk about a stablecoin that's built into the Steemit framework. It's one of the three cryptocurrencies present. SBD stands for Steem Dollars.

Steem Dollars.

Steem Dollars, is thought to be more secure. It is supposed to be priced at 1:1 with the US dollar, meaning that 1 SBD should be worth the same amount of Steem as 1 USD.

It maintained its $1 value until November 2017, when it plummeted in price to about $13 by the end of the year.

Since Steem Dollars are meant to be secure, 50 percent of payments to Steemit creators and curators are handled in SBD to shield them from Steem cryptocurrency volatility. Steem Dollars are exchanged on multiple exchanges and have a market capitalization of $42.78 million at the time of writing.

SBD value statistics

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Supply information

How you can earn SBD:

The first move is to trade for SBD, either on Steemit's built-in currency market or on an exchange.
Simply go to the internal Market, which can be found in the steemitwallet main menu. With the current market rates, you can swap your SBD for STEEM and vice versa.

or you can use different exchanger like below pic and can exchange your SBD with available coins.

Second, you can get it as a reward for making posts or leaving comments.

This is based on the reward settings you choose. Decline Payout, 50 percent SBD / 50 percent SP, and Power Up 100 percent are the three options available right now.You will not get any SBD or anything else if you want to reject payout. If you select 100% Power Up, you will only receive SP or Steem Power, which is effectively locked Steem. If you want to obtain SBD, the 50 percent SBD / 50 percent SP option is the only one you can choose.

such as below i have made a post 100% power up so i will not get any SBD

and in below i have selected 50/50 so i will get some Sbd based on vote which i got on my post.

Transfering of SBD

It's very easy to use Steem Dollars to make purchases. Simply go to your steemitwallet page and select Transfer from the dropdown menu beside SBD:

After clicking here you will be redirected to a page such as below where you will put user name of the person whom you want to send SBD.

Special Mention:
@yohan2on
@steemitblog,
@steemcurator01,
@steemcurator02.

#cryptoacademy #yohan2on-week6 #blockchain #crypto #pakistan #steemitcrypto