By the time I came to Steem, the days of interest for SBD were over. However, based on what I read, I thought it was automatic to push the rates back up to $1.00. After all, what's the point of a stable coin if it's not stable? With the prices of SBD near $1.00, I would think we would want to get the price back there, and then peg it. That's going to be one of the keys to getting businesses to adopt Steem/SBD for their products.

Just look at the Steem Monsters if you want an example. That's a business that's being run on the Steem blockchain. The prices are in dollars, but you pay in Steem. Well, when the price of Steem drops, cards become more expensive. However, if you have a stable coin, then you're more likely to hold it because you know that you can buy the same number of cards/packs tomorrow that you could today.

Now imagine a business that's selling products through Steem. If they're losing even 5% because of a drop in price, that can be a huge difference. If SBD were pegged to $1, then they could know that even if they don't cash out into dollars right away, they'll still have the same dollar value stored. They could use the SBD to purchase supplies from another merchant. It starts with having somethings stable though. Yeah, a bit of a tangent from interest rates. I've just been disappointed to see SBD rates dropping past $1.00 as I see it as a missed opportunity.