It is easy to see how, under this scenario, the stablecoins will only be expanded when banks make loans, similar to the USD.
That's a bit scary and getting out of the original purpose of the stable coins! I'm getting more convinced with the HBD being the model for a regulation-free asset.
But I want to know your opinion about the recent proposal of incentivising the HBD/BUSD pool, will trying to stabilise HBD hurt its purpose or will make it even better?
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Nothing wrong with doing things to try and stablize the token. That is one of the first steps. However, I think the proposal is a bit early at this point.
To start, we need a lot more HBD out there. That is one thing that will help to stabilize it. The second is for more liquidity to be provided on the internal exchange. This is overlooked and not used to the degree it should be.
Finally, we need a lot more use cases for it. A LP is a use case, and we can do more.
The advantage to it is that we do have, it done, a bridge from Binance to HBD. Getting a hold of HBD is not easy. But for those on Hive, the internal exchange is there.
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Thanks a lot for sharing your opinion, I think, most hivians are taking HBD for a stable coin and a 12% APR saving coin. The more use cases are for HBD, the more it helps stabilizing it.