You are viewing a single comment's thread from:RE: Steemit Good News Story #3 SBD Bull Run and Steemit Winners back by DataView the full contextView the direct parentabh12345 (76)in #utopian-io • 7 years ago The same as Steem Dollars - Steem Backed Dollars.
Ah okay, but I was under the impression Steem Dollars were pegged to the dollar and Steem was volatile... how come STEEM is stable but SBD was $14?
SBDs are always trying to be pegged to a $. The peg is apparently easier to push up than pull down, which sounds like, on the face of it, a benefit to all of us here :)
Indeed, thanks for the help, joined yesterday and still learning the ropes.