The idea of a pegged currency is for commerce. Businesses cannot price things accurately when a currency is bouncing all over the place.
If SBD is pegged at a dollar, then merchants know exactly what it is worth and can price accordingly. If the price is jumping up or down 15% in a morning, that really throws thing off kilter.
I am not sure there is a big move to push it back to $1....might be but I havent heard it discussed a ton.
Yeah...I understand what u explained here. My question was why 1 USD specifically. It might have been 9 USD as default. From 9 USD as fulcrum it may go up but never less than $9
USD is the most used currency on this planet. So it's easier for many people to think of SBD as just Dollars. 1 USD is specifically used purely for the ease.