Sort:  

That's correct, @technium. Moreover, Steem backed dollars (SBD) were created to bring stability to the steem neetwork, according to page 10 of the steemit whitepaper, https://steem.io/SteemWhitePaper.pdf . I appreciate your comment.

Coin Marketplace

STEEM 0.20
TRX 0.12
JST 0.028
BTC 63775.42
ETH 3493.53
USDT 1.00
SBD 2.53