I'm not seeing it as a stable token.
Haha, yeah this comment comes up a lot...
Is Hive Backed Dollars (HBD) REALLY a stablecoin?
Yes, Hive Backed Dollars (HBD) really is a stablecoin.
It just has some trouble holding its peg and doesn't always act as stable as it should be.
Remember, as an algorithmic stablecoin, it doesn't work the same way as the collateralized stablecoins that you are comparing it to and these factors can lead to it drifting away from the $1 price.
As jfang has already replied, there are however a number of mechanisms in place to try and make the HBD price more stable, such as the stabiliser.
I've also spoken before about more external HBD exchange listings helping, as people will then be able to constantly arbitrage prices that move away from the peg.
Be patient.
HBD will eventually turn into the stablecoin we all want it to be.
It's just not quite there yet.
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