Steem Dollars
SBD#1313| 1h | 24h | 7d | 30d | 1y |
|---|---|---|---|---|
| +0.05% | +3.93% | +12.60% | +0.08% | -57.72% |
About Steem Dollars
Steem Dollars Price History
Steem Dollars (SBD) reached its all-time high of $19.02 on May 19, 2021, and trades 98.0% below that peak today. Its all-time low was $0.23394 on October 18, 2020, and the price has since risen 64% from that low.
| Year | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| 2026(YTD) | $0.470359 | $0.579464 | $0.329695 | $0.383085 | -18.55% |
| 2025 | $0.842764 | $0.909814 | $0.437872 | $0.513116 | -39.12% |
Analysis
No analysis available for Steem Dollars yet.
Steem Dollars News
No recent news for Steem Dollars.
Steem Dollars FAQ
What is Steem Dollars (SBD)?
Steem Dollars (SBD) is a stablecoin on the Steem blockchain, pegged to the US dollar. It is part of the Steem ecosystem, which includes STEEM and Steem Power. SBD is designed to provide a stable medium of exchange for content rewards, allowing users to receive value without exposure to STEEM's volatility.
How does Steem Dollars maintain its peg?
Steem Dollars maintains its peg through a blockchain-based mechanism. When the price of SBD deviates from $1, the network adjusts the supply of SBD and STEEM. For example, if SBD trades above $1, the blockchain may increase SBD supply to bring it down. This algorithmic stabilization aims to keep SBD close to one US dollar without fiat backing.
What is Steem Dollars used for?
Steem Dollars is primarily used to reward content creators and curators on the Steem social media platform. Users can earn SBD for posting and voting on content. It can also be used as a stable currency for transactions within the Steem ecosystem, providing a predictable value for payments and transfers.
How does Steem Dollars differ from other stablecoins?
Unlike fiat-collateralized stablecoins such as USDT or USDC, Steem Dollars is not backed by reserves in a bank. Instead, it relies on the Steem blockchain's algorithmic mechanisms to maintain its peg. This makes it a decentralized stablecoin within the Steem ecosystem, but its stability is tied to the network's overall health and adoption.
What is the current price of Steem Dollars?
Steem Dollars is currently priced at $0.3831, up 3.93% in the last 24 hours. It is ranked #1313 by market capitalization. Over the past 7 days, SBD is up 12.60%.
What is Steem Dollars's market cap?
Steem Dollars has a market capitalization of $3.75M. The 24-hour trading volume is $202,325.27, reflecting the total value of SBD traded across all exchanges in the last day.
How many Steem Dollars coins are in circulation?
There are currently 9.80M SBD in circulation. The total supply is 9.80M SBD.
