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RE: Hive Backed Dollar (HBD) Is Becoming A Stablecoin

in LeoFinance • 4 years ago

I think that is going to be a test. If we see the bull take over, does the peg hold on the upside or do we see HBD pump?

I guess if it does moon, a lot of us who have it in savings can sell which will push the price down.

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4 years ago in LeoFinance by
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     4 years ago  

    Remember, there is now the opportunity to convert Hive to HBD and sell the HBD so everyone can quickly start converting and selling at a profit which should quickly push HBD the price down.

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     4 years ago  

    That is very true. We are now seeing the ability to offset price moves on both sides.

    We didnt have that before. Arbitrage can help to offset what the price action is doing.

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