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RE: Steemit 101: STEEM, Steem Dollars, Steem Power

in #steemit7 years ago

How exactly is the SBD (Steem Backed Dollar) value determined?

Right now from steemdollar.com I see it's worth $12.79 USD. Why did it jump so high? Why isn't it $1 USD as an unit of account? How is the $12.79 USD value determined?