SBD was meant to be used in steemit for rewarding authors and curators and pegged 1 to 1 with USD however traders / speculators hyped the price hence the increase in price. Witnesses are planning ways to peg it back.
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AhOK. I had read that in the FAQ, but that changed by the time I got here. Now we get to play the game "When is the best time to trade SBD for STEEM." I learned that one the hard way when I traded at 1.2 Steem/SBD my first time and then it dropped to 0.9 a week later. Doh!