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RE: Trying to cash out your Steem Dollars? Think twice. Transaction fees and exchange spreads
It should tend towards $1 under most market conditions, since you can always convert 1 SBD to $1 worth of STEEM.
well, in theory, i agree, but in reality it was at $0.80 per SD on Poloniex today @bacchist - have you tried it ? Im talking about the USD price not tending to 1USD worth of fiat currency
The Exchanges that trade STEEM rates are also different from the internal steem market which i find interesting- tickers say $3.01 and internally its $3.40 @bacchist
That's because the internal market shows the price in SBD