This guy has some good thoughts on Twitter about UST losing peg and stables in general.
I was wondering about HBD, ain't it working exactly like UST? Being backed by crypto just like UST. Compared to some other stables.
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HBD is not working exactly as UST, but they are both algorithmic stablecoins, and they have a mechanism of staying pegged with the help of the other coin from the ecosystem, in our case HIVE, in Terra's case, LUNA.
So if what happened to Terra was indeed a planned attack, HBD could also be vulnerable to similar ones in future.