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RE: Could HBD Completely Change Hive?

in LeoFinance3 years ago

We must give HBD a very good pegging to persuade it not to deviate from the $1 by more than a few cents otherwise this doesn't work as you envisioned it because people would buy stuff when HBD is a little lower so they would get it on discount basically. It must be rock solid in order to have a chance to be successful

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Without a doubt. There is no way to use HBD as a stablecoin if it is moving by even 10% in either direction. If that is the case, we would be left with a situation where the volatility, while nothing in crypto, is still too much for merchants.

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