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RE: STEEM Dollar Purge Update : The Bonfire has been lit!
I just came across your post, and since we have already crossed the 10% mark so the SBD is no longer pegged to $1?
I just came across your post, and since we have already crossed the 10% mark so the SBD is no longer pegged to $1?
That is correct. We need the STEEM price to recover and/or more SBDs to be destroyed to bring the debt level back under 10% so that the peg to $1 USD is restored.