With stable coins, backing has always been a controversy and this good to see that pHBD is getting backed by HBD and this information is available for everyone to look and verify if needed. I like the way made things transparent and this will surely help to gain more trust by the community.
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That is one of the key things about HBD. It is not a supposition of what it is backed by. Anyone with some basic math skills can determine if there is truly $1 worth of HIVE backing each HBD.
Simply look at the market caps and divide.
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HBD is one of the most transparent stablecoins out there.
It's only fair that we bring this transparency right into pHBD by making it also one of the most transparent wrapped stablecoins out there
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I agree. Both will leverage each other.
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