You are viewing a single comment's thread from:RE: LeoThread 2023-09-21 09:31View the full contextView the direct parentsammyhive (68)in LeoFinance • last year If HBD is not based on USD, does it means that it's value is lower than Usdt or other stablecoin?
If you watch the HBD price you can see it's a bit more volatile than some other stable coins. The range is larger.
It isnt backed by HBD. It is backed by $HIVE unlike USDT which is mostly backed by US Treasuries.
since US Dollars is a unit of currency, HBD and other stablecoin are of the same value