Everyday, we get to see some desperate moves by the governments to bring cryptocurrency under its sovereignty and control. It's appears banning crypto is not enough and now they're looking at handing the stablecoin market over to the bankers. If this happens then the aim of the crypto movement might just be thwarted because power still gets back to the government.
Just like you have cited above, decentralized and algorithmic-based stablecoins like Hive-backed dollars (HBD) and TerraUSD (UST) will be our only defence. It's decentralized so, there's no way they'll be registered as banks.
Hence, this is an opportunity for our native stablecoin to go mainstream because many investors will channel their money to algorithmic-based stablecoins whenever this agenda of the government goes live.
Now, my question..
In what ways can HBD be developed, stabilized and made more investment worthy?
Posted Using LeoFinance Beta
Use cases go a long way to expanding the entire value. We also need a lot more of it produced which would help stabliity. Having differing products which are based upon HBD, especially at the base layer could go a long way to increasing its success.
Posted Using LeoFinance Beta
Noted. Thank you!
On the contrary, I had the thoughts that low supply would have made it more stable. I guess I was wrong
Posted Using LeoFinance Beta