You mean the price of pHBD?
It’s always pegged to $1 - same as the price of HBD since it can be freely arbitraged
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You mean the price of pHBD?
It’s always pegged to $1 - same as the price of HBD since it can be freely arbitraged
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I understand that HBD will strive not to fall much below the dollar, but it cannot become more expensive how was it before? Sorry, I thought that if the Hive overtakes the HBD, then the HBD will reach for it.
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It’s always possible. HBD is a soft-peg to $1. Arbitrage will always seek to even it back to $1. I don’t foresee another event like the past as that was a coordinated event by Koreans on exchanges to skyrocket HBD and make a huge profit.
If it does happen, then that’s awesome for us! Huge profits.
If it doesn’t, then HBD functions as it should: pegged to $1
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