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Yes, but if its build right, it could be used for DEFI. They can build on top on that. So it would become the last thing in a longer row.

HBD can only become stable with enough people using it. And in the end, it's like the gold standard ( a security feature).

It needs only people that trade it 1USD to 1HBD. And I'm also not a fan of the converting mechanic. I like stablecoins without fees and collaterals behind.

Lock up Hive = generate HBD. Pay HBD back, you get Hive liquid again. with 500% + for example.

Would also remove sell pressure, because we can lock up right?