Breaking that peg, raises one question in me. What if the peg of HBD breaks? I know it does it all the time to the up to the down but only a few cents. Can this happen to HBD and HIVE as well?
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
Any peg can break. There is nothing that sets the peg other than markets.
The key is to make the stablecoin as resilient as possible. This is a multi-pronged approach.
One thing we are seeing is that both pHBD and the internal exchange are holding the peg rather well. The external exchanges, which show up on coingecko, not so well.
That is why in my comment I mentioned getting the bHBD pool going on BSC. Even if it doesnt have a ton of liquidity, it will be another pillar providing resiliency.
Posted Using LeoFinance Beta
makes sense, although the chart on coingecko looks still better than $UST 😂
that project got rect amd is basically backed by a billionaire. Do Kwons twitter is going nuts right now.