You are viewing a single comment's thread from:

RE: How the Steem Dollar Peg Works

in #steem8 years ago (edited)

I describe this in my video. There are two mechanisms (for now) by which this happens: sell the SD contract directly, or execute it and sell the Steem it represents. Either way, you end up with about a dollar worth of asset which you can sell for federal reserve notes on a crypto-to-fiat exchange.

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 62497.97
ETH 2428.72
USDT 1.00
SBD 2.65