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RE: Steemit - The Billion Dollar Social Media Giant Replacing Reddit & Facebook
Dan stated, that Steem Dollar is designed with a lower limit of 1 USD but no upper limit (like bitUSD). So it wil always be worth at least 1$ but it could go a lot higher.
If that was true BitUSD would have never been worth less than $1 and it dropped to sub $0.85 for a while.
You might have a look at this video @exyle made today. In summary, there certainly is a way to make the SBD be worth around 1$. But maybe the time is not here yet: https://steemit.com/life/@exyle/6lqofqee
SBD has been at $0.85 as well. I guess the limit is not perfect.(probably dependant on the amount that is backing bitUSD & SBD and the volatility of the currency.)