Over the past 12 hours the SBD peg as returned to the $1 level where it is supposed to be stable. The driving force behind this appears to be the broader Crypto market decline and Poloniex's suspension of SBD withdraws. While you could in theory use the 'Convert to STEEM' tool, the 3.5 day delay means that a turn around in the market could leave you with far less STEEM at the conclusion of the process than you are expecting.
I still advise using the internal market to trade your SBD for STEEM, or better yet, wait to see if the market turn around and Poloniex's eventual resumption of SBD withdraws drives the price back up so you can trade at a higher rate.
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