I finally came to an end with my research on steem-backed dollars (SBD) and USDT. Why am I not researching USDC? I guess because the main currency used in Binance is USDT. Steemit is a really good unit in the Cryptocurrency market. I guess people generally don't want to invest too much as they have to keep their Steem in Steem Power for a long time. As a matter of fact, Steems is kept in Steem Power to earn money, and thanks to this, both others are earned and a steem is earned under the name of curation award. If all the investments made in Steem are made only through the Blog Site, I think the value of Steem will not decrease.
In fact, the biggest aim for the Steem value should be to increase the use of SBD. Not everyone can trust Steem. Because its value is not exactly clear and can change constantly. But we can say that the Steem supported dollar, ie SBD, is not always reliable, but because it is indexed to 1 dollar in general. So I mean, Steem should be used for investment. SBD should be encouraged to be used for activities such as shopping.
We should increase the use of Steem Supported Dollars compared to Steem. I'm not talking about the Steemit Blog right now. I think we need to increase the use of SBD in global markets. The value of SBDs currently on the market is around $ 5 million, while the value of Steem is about $ 56 million. I guess not everyone prefers SBD because it's always close to a dollar. One of the biggest reasons why Steem is preferred is its potential to gain value at any moment. Not because it is a crypto that can gain value at any moment. More precisely, all cryptos can gain value at any time. According to my Steem research, it was once about $ 8. However, SBD usually does not exceed a dollar.
When we compare SBD or Steem with Bitcoin, we see that all three have features. While Bitcoin sometimes moves as much as $ 500 a day, the value of Steem and SBD is slowly rising or falling. So can we say Steem and SBD are more secure than Cryptos like Bitcoin and YFI? It's a little early for this, but I want to give you an idea. Yes, I can say a little more secure.
It is definitely not investment advice!