RE: What Pegs Up Must Peg Down - Is SBD Really A Tether and Is It Doomed?
What would help is if big exchanges like @coinbase and @bittrex offered USD/SBD pairs this would keep the market pegged to the dollar and help people earn SBDs through commerce.
This wouldn't peg it to the dollar at all, just because you can buy it in dollars does not mean it should be worth the same. The only reason that the TUSD is tethered to the dollar, is because a 3rd party holds money in escrow.
This is not done by the exchange or the coin devs. Hence we would have to do all sorts of deals and somebody would have to take responsibility for SBD for it to be a true peg coin. At the moment we are just hoping it will be a peg coin by saying it over and over again.
Plus, as I mentioned above, a coin can still be worth $8 and be stable, just because you peg something to a dollar does not automatically make it stable, as we've seen with SBD.
Yes very true. It would be nice if the SBD is stable but it is just wishful thinking. I guess the way to earn a "stable" crypto is to except usdt ot tusd for services.