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About Steem Dollars
Steem Dollars (SBD) was a stablecoin issued on the Steem blockchain designed to maintain a value of approximately one US dollar through a combination of incentive mechanisms and collateralization. It functioned as a faster and more efficient medium of exchange within the Steem ecosystem compared to the volatile native STEEM token, allowing users to earn rewards from content creation while preserving value. SBD's unique feature was its integration with the Steem social platform, where users could earn it directly through posting and engagement, creating a cryptocurrency tied to content creation rather than traditional mining.