Honestly I’d rather us use a separate stable coin and only earn in hive not Hive Dollars. As u say the peg doesn’t exist.
I remember 2018 and steem dollars going to like .50 cents. The shooting to $4.00 or higher is a problem too. Hive will be negatively effected if we don’t see this thing get stable to point of .99 - 1.01
Otherwise there’s just no point