In theory if the converting is high, the demand for hive is high.
So the price should become higher. I think ( no math behind) with faster scaling in users, it would become stable by nature. The only thing we need to remove are the 5% for converting. 0,05% would be enough.
Payment mobile app (keychain) with QR code scanner and so on would build a stable usecase, as long HBD can scale.
I would be in favor to make the stablecoin to a "on demand one".
With our beautiful no transaction fee chain, it could be really revolutionary. ( RC delegators could earn a fee for Rcs for example).
On-demand means, I need HBD, I can generate HBD as much I need (up to millions). To make it secure a DAI lock up mechanic could make sense.
Yes this makes a lot of sense, I would prefer this to the current model