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Steem Dollars SBD Price
Steem Dollars Price Chart (SBD)
SBD Price
SBD vs. Stablecoin
Steem Dollars Detailed Performance
SBD shows Bearish signs against top cryptocurrencies, leading categories and blockchains over various time periods
SBD to USD Converter
Price History
- All-Time High
- $22.1248.21x to ATH
- All-Time Low
- $0.0339613.51x to ATL
- Trade Launch Date
- 18 Jul, 2016
3769 days ago
Steem Dollars Exchanges
Exchanges type
What is Steem Dollars (stablecoin)?
Steem Dollars (SBD) is a stablecoin native to the Steem blockchain, designed to function as a stable medium of exchange pegged to the US dollar within its ecosystem. The asset operates as a debt instrument representing a claim on one US dollar worth of STEEM, while also providing a 10% annual interest rate to holders.
How does the Steem Dollars supply mechanism work?
The protocol utilizes an elastic supply model with no fixed maximum cap, adjusting the circulating amount based on network conditions and user demand. The total quantity fluctuates continuously through the protocol's mint and redeem mechanisms.
Where can investors trade SBD?
Market participants can trade the SBD/USDT spot pair on the HTX centralized exchange. This provides direct access to the stablecoin using a major fiat-pegged trading pair.
Which blockchain network hosts the Steem Dollars token?
The asset operates natively on the Steem network, functioning as one of the three core currencies alongside the native governance and utility tokens. Network activity and transaction history can be verified using the Steemscan block explorer.
Does holding Steem Dollars generate yield?
Users who hold SBD in compatible wallets receive a 10% annual interest rate on their balance. This built-in yield mechanism incentivizes participants to retain the stablecoin within the broader ecosystem rather than immediately converting it to other assets.
Steem Dollars (SBD) Price Live Data
The current price of Steem Dollars (SBD) is approximately $0.4588, reflecting a decrease of −0.04% in the last 24 hours. The SBD trading volume in the last 24 hours stands at $3.14 million. Steem Dollars's market cap is currently $4.50 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of SBD is 9.80 million.