RE: SBD Peg is back to $1 US (I would still not convert here)

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SBD Peg is back to $1 US (I would still not convert here)

in psa •  8 years ago 

I am surprised by how quickly it was able to revert back to $1. I am interested to see how long it stays there. It's funny to see the 24h low at .95, that means there was an arbitrage with direct conversion on Steemit, I assume?

psa
8 years ago by

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      ·  8 years ago 

    Because of the 3.5 day time lag, it is very risky to try and game the conversion process.

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      ·  8 years ago 

    Indeed, good point. Although, I suspect that would still prevent any substantial and long-lasting dip below 1$.

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