- #504
Steem Dollars SBD
SBD Price
Market Cap
$8.46 MRank #504FDV
$8.46 MRank #452Investors
X Followers
Detailed Performance
SBD shows Bullish signs against top cryptocurrencies, leading categories and blockchains over various time periods
SBD to USD Converter
About Steem Dollars (SBD)
What is Steem Dollars?
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.
What makes Steem Dollars unique?
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.
Live Steem Dollars Price Data
The current price of Steem Dollars (SBD) is approximately $0.8631, reflecting a increase of 1.23% in the last 24 hours. The SBD trading volume in the last 24 hours stands at $1.24 million. Steem Dollars's market cap is currently $8.46 million, accounting for about < 0.01% of the total crypto market cap. The circulating supply of SBD is 9.80 million.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand Steem Dollars's performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on SBD, check out our crypto insights page.