RE: The best way to mitigate stablecoin risk

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I've been slowly shitfing more HBD to savings exactly because of that. Been wanting to study Terra ecossystem for quite some time as well; algorithmic coins are the way to go!

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I've focused on Hive Backed Dollars (HBD) here, but Terra's UST is another algorithmic stablecoin that is worth looking into.

It is similar to HBD in that it uses the Terra Blockchain's LUNA token to maintain its peg.

Definitely worth looking into if you're interested.

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It is good to see people focusing upon HBD. This is only going to enhance the value of Hive down the road.

We need to get a vibrant stablecoin going on here.

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More and more seems a good coin to focus on!

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There are definitely advantages to it. I am putting money into savings to keep growing my returns.

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Same here. Been using Celsius and Nexo, but a decentralised stable seems a perfect option too!

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