How are Steem Dollars pegged to USD?

in steemit •  8 years ago 

Typically, a government attempts to peg a currency through buying or selling its' currency on the open market with foreign reserves, or by adjusting their money supply (inflating/deflating the currency).
Without these options available, by what mechanism is a Steem Dollar pegged to USD?

steemit questions
8 years ago by

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