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RE: Dafuq? Why are people paying $1.25 to $1.35 on Poloniex for Steem Dollars?

in #steem • 8 years ago

u must have something udnerstood wrong because steem and steem dollars are traded on exchanges so its not possible for steem dollar to be pegged to US$

8 years ago in #steem by
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     8 years ago 

    It is certainly possible, and there are other cryptos that are pegged to the dollar, such as NuBits.

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     8 years ago 

    Totally, if Steem dollars are pegged to USD, why trade them anyway ??? The prices go up and down with the market

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     8 years ago 

    Yeah that is what I was wondering. I was confused why a market was added for Steem Dollars / BTC. I thought Steem Dollars was just mainly used internally in Steemit. I'm not sure why people are buying Steem Dollars on the exchange.

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