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RE: HBD: The "Safe" Stablecoin?

in LeoFinance • 3 years ago

Here is what it is: HBD is $1 worth of Hive. It is not worth $1.

Another thing to note here is that HBD is pegged to whatever the witnesses say it's pegged to. If the witnesses say Hive is worth $3 in the price feed then for all intents and purposes that is what HBD will be pegged to (0.33 Hive per HBD).

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3 years ago in LeoFinance by
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     3 years ago  

    That is true too. I think the fact that it is tied to Hive but that can freely float makes it very attractive.

    For now, we will just have to see how much arbitrage is taking place to try and keep it pegged.

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