The idea of a stable coin linked to the US dollar such as HBD is this. If I think the price of HIVE will drop, I can change it to USD and buy back in at a later time. If HIVE goes up, I can do the opposite.
It's the same way with the crypto markets and the stock markets where you park your cash because your haven't made a decision yet. Which means HBD should be pegged to $1 but it hasn't been able to reach $1 lately at all and it has huge swings
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Interesting point raised here. I think that is why we need a governance token for LEOFinance and it would be fair to let the governance token play the stable coin role.
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