Steem Dollars (STEEMD) -

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We have decided not to classify Steem Dollars (STEEMD) as a stablecoin due to its significant price fluctuations and its inability to consistently maintain a 1:1 peg to the US dollar, despite its original design intent.

Due to the 'SBD' ticker's prior association with a fiat currency, the Steem Dollars token uses the alternative ticker 'STEEMD' for clear identification.