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RE: Hive Backed Dollar - The Most Stable Stablecoin

in LeoFinance3 years ago (edited)

Well, safe is a strong word, but I do have quite a bit of faith in HBD now, and I have to say I wasn't a fan of the pegging attempts. I was wrong.

Safe is going to far though Also it isn't stress tested in haircut zone, but it's doing quite nicely now!

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I would say relatively safe. Hive Dollars (HBD) is swinging a little bit, but not much. In the previous 24 hours its lowest value was $0.8264 USD. The highest was $1.02 USD. The current is $0.9106 USD.

The price lately has been the best reason why I have faith in it but I still think HBD needs more use cases as a payment method. Besides ragnarok and maybe that other gamblign site, I haven't seen much use for it.

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Yeah, safe is a strong word, but that's also what I'm going for. :D

You have a good point of not being stress tested, but it's still awesome to see HBD at ~$1 while the rest of the market is a total shitshow. Especially when HBD has been staying strong for two years.

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