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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 0.20
TRX 0.25
JST 0.038
BTC 97340.58
ETH 3390.06
USDT 1.00
SBD 3.10