Steem Dollars
$-
SBD to USD converterSBD
USD0
SBDUSDNo chart data available
Market Cap
$0
No data available
Volume (24h)
$0
No data available
Price Performance
No data available
Market Cap
$0Volume(24h)
$0FDV
$0Circulating Supply
0Total Supply
0Max Supply
$0Infinity Supply
No
Website
Socials
Explores
Tags
Media
Communications & Social Media
About Steem DollarsSteem Dollars (SBD) is a stablecoin designed to maintain a peg to the US dollar, providing predictable payouts for content rewards on the Steem blockchain platform, with SBD convertible to STEEM over a 3.5-day period. SBD is designed to reflect the value of one US dollar but has experienced significant volatility, with content creators and curators earning STEEM and Steem Power based on the quality and popularity of their contributions, incentivizing engagement and rewarding users for building the community. Steem Dollars aims to stabilize rewards within Steem's social platform where users earn tokens for creating or curating content, with SBD pegged to $1 USD via algorithmic mechanisms and STEEM backing that provides predictable value for creators unlike volatile cryptocurrencies. The Steem network operates on a Delegated Proof-of-Stake mechanism ensuring fast and efficient transactions, making SBD practical for microtransactions and tipping within the platform. Trading with modest adoption, SBD's market performance has been driven by content creator incentives and social media ecosystem growth — though success remains dependent on sustained platform adoption and maintaining algorithmic peg stability.
Assets Details
Access Model
Redeemable
NoAttestations
NoCEX Listed
NoKYC to mint or redeem
NoTransferable
NoSelf Custody
No