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In theory SBD should be listed as a pegged token just like USDT. No point trading SBD when it will always worth $1 of Steem. But since it's a liquid token, traders will always want to make use of volatility.

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STEEM 0.18
TRX 0.16
JST 0.030
BTC 65395.33
ETH 2611.94
USDT 1.00
SBD 2.67