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Question answered on Musing.io by jpphotography

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Viewing a response to: @francistagbo/pkt3eutdx

· @jpphotography ·
Question answered on Musing.io
<a href="https://musing.io/q/francistagbo/pkt3eutdx">View this answer on Musing.io</a>
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json_metadata"{"app":"Musing","appTags":["steem","steemit"],"appCategory":"steem","appTitle":"The new HF20 is supposed to ensure that SBD is pegged at 1$, I'd like to know how that's supposed to happen when the price of SBD on other exchanges isn't directly controlled by the steem blockchain, can someone please explain it to me?","appBody":"<p>HF20 does not peg SBD to the USD, it just improves the SBD print rate. Before the hard fork, no more SBD was printed even though the price being below USD 1.</p>\n<p>SBD remains to be pegged to the USD only in one direction: It is always possible to exchange SBD to Steem for the price of USD 1.00 using the three day average Steem price. SBD is not pegged upwards though, so theoretically it could moon to 15$+ again .</p>","appDepth":2,"appParentPermlink":"pkt3eutdx","appParentAuthor":"francistagbo","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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