Absolutely not. Steem is not meant to be pegged to 1 USD. Infact when SMTs are launched, Steem market cap will rise manifold, it will create demand for steem and will drive the price higher. That will be a stable growth. SBD on the other hand is meant to remain around 1 USD and pumping and dumping of SBD on a massive scale is causing steem to become volatile.. and once this pump and dump of sbd is over, and it comes back to 1$ value, steem will go down with it too. And it will hurt the platform..
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