$19 of Steem is generated to back 1 SD? Wouldn't that devalue the STEEM trading price because there are now at this time approx. 5 STEEM backing every SD?
$19 of Steem is generated to back 1 SD? Wouldn't that devalue the STEEM trading price because there are now at this time approx. 5 STEEM backing every SD?
RE: Steemit For Investors #2 - How Steem Dollars Hold Their Peg to US Dollars - By Leon Fu Dot Com