#tether and #usdc have counterparty risk in the decisions of the comp backing them. Then there is the same risk with the application used to stake the tokens.
That's precisely because HBD derives its value from HIVE. Hive has a network at its disposal and it has a day-to-day growth rate, in other words, it does have intrinsic value. HBD could be the best conceptualization for a stablecoin.
That's precisely because HBD derives its value from HIVE. Hive has a network at its disposal and it has a day-to-day growth rate, in other words, it does have intrinsic value. HBD could be the best conceptualization for a stablecoin.
For now. The key is to derive the value for #hbd from the utility and network effect associated with the coin.