Steem Dollars SBD

Steem Dollars (SBD) is one of the three currencies on the Steem blockchain. It is intended to be worth approximately $1 USD and serves as a stable currency within the Steem ecosystem. It is designed to represent an "I Owe You $1 USD worth of Steem." However, SBD has recently become volatile and can be traded at different values. Holding SBD also generates a 10% annual interest.

Steem Dollars (SBD) is unique compared to other cryptocurrencies because it is designed to be a stable currency within the Steem network. It is supposed to be worth $1 USD and is backed by an equal amount of STEEM. This stability is meant to provide users with a reliable and predictable value for their holdings. However, recent trading activity has caused SBD to become more volatile, deviating from its intended value. Additionally, SBD generates a 10% interest, which is another distinguishing feature compared to other cryptocurrencies.