Value of Libra

Since creation is only done centralised from Libra Association. Will value of Libra be pegged to underlying assets? Who determines the value? If it’s opened up for speculations, what happen if the price far exceeds the asset value? This is more like a global unit trust/fund to me now.

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1 lbr = 1.0493 usd

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Is that the actual starting point or is that an example?

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How much is one libra…

From what I’ve heard 1 Libra will be almost worth 1 USD, so that picture is a good idea of what one will be worth.