Why do you think SBD is quasi backed up by the USD? The price of SBD is almost always a lot higher than the USD.
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Why do you think SBD is quasi backed up by the USD? The price of SBD is almost always a lot higher than the USD.
Good point. If it drops to $1 then it is backed. Right now there is some risk involved but at least there is a $1 floor on it.