You are viewing a single comment's thread from:RE: Hive Advantage: 20% APR Without Counterparty RiskView the full contextView the direct parentdavedickeyyall (77)in LeoFinance • last year HBD is not pegged to USD. It's pegged to HIVE. 1 HBD is worth $1 worth of HIVE not $1 USD...
1 HBD is worth $1 worth of anything means it is pegged to the dollar no?
Not in my opinion. HBD is backed by HIVE, not US dollars
The peg is USD, that is the unit of account. The backing is not USD, that is done with HIVE.
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Yeah exactly, the money is backed by HIVE but pegged as I said to USD.