Steem dollars (SBD) are a cryptocurrency that was created as part of the Steem blockchain, which is a decentralized platform that allows users to earn rewards for creating and curating content. SBD is intended to be a stablecoin, meaning that it is designed to maintain a stable value relative to a specific asset or currency. In the case of SBD, the value is tied to the US dollar, with one SBD being worth approximately one US dollar.

The official Steem Dollars ticker is “SBD” and trades under that name on all the exchanges where it has been listed. The designation “STEEMD” is for CryptoCompare.com only.