Steem Dollars (SBD) Price
SBD RANK #1723The price of Steem Dollars (SBD) is calculated in real-time by aggregating the latest data across 1 exchanges and 1 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko. Steem Dollars is a stablecoin cryptocurrency token built on the Steem blockchain, designed to maintain a 1:1 peg to the US Dollar. Steem Dollars provides a stable unit of account for users of the Steem social media platform, shielding them from the high volatility typically associated with the broader cryptocurrency market. It is designed to function similarly to a "convertible note" in the startup world, representing a debt that can be converted into the network's underlying ownership asset (STEEM) at a future market price.
