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The inflation rate of the Steem Backed Dollar (SBD) depends on the price of Steem and how much SBD is being converted to Steem. The higher the Steem price, the more SBD is being printed. On the other hand, users can convert SBD to Steem which removes the SBD from the supply.

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STEEM 0.06
TRX 0.28
JST 0.047
BTC 66528.61
ETH 1984.52
USDT 1.00
SBD 0.46