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Steem Backed Dollar, basically SBD's are a wrapper for an equal value of Steem giving it it's value, that's the best I can explain it, check out the whitepaper.

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STEEM 0.16
TRX 0.13
JST 0.027
BTC 57941.45
ETH 2579.63
USDT 1.00
SBD 2.39