Steem Backed Dollars (SBD) are stable value pegged assets issued on the Steem.it platform. They are pegged to the value of the USD and can be redeemed on the Steem.it platform for approximately one dollar worth of Steem. Steem is a social blockchain that rewards users for sharing content and enables immediate revenue streams. It is currently the only blockchain that powers real applications through social apps like Steem.it.

When content creators receive rewards on the Steem.it platform, they are distributed in two forms: 50% Steem Power and 50% SBD. Steem Power can be redeemed continuously over a period of 104 weeks, while SBD can be fully redeemed for Steem within a 5-day period. Additionally, SBD can be transferred on the Steem platform and exchanged outside of the platform.