RE: Everything You Need To Know About The HBD Haircut Rule And The Latest Updates| The Biggest Risk For The HBD Price

[demotruk]

Fiat is totally uncollateralized. HBD is a collateral currency, just one where the collateral is extracted through the dilution of stake. It is functionally more similar to an equity-convertible bond than either fiat or commodity currency.

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Comments

[mypathtofire]

Thanks, that makes sense.