HBD is another Solid Decentralised Stable Coin. Do you save HBD?

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HBD (Hive Dollar) has been doing good and it did not fall much even when there was a big crash in the market. Even now the market is not good but glad to see that our HBD has been doing pretty well and turn out to be a solid stable coin and that too decentralized because there is no company owning the coin instead it's completely community-driven. The current HD price value is $1.02 with an increase of over 6% and because of this, it seems lots of people keeping track of this stablecoin.

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The hive dollar is a stablecoin on the hive network and the kind of algorithm it has makes it solid and it offers a great rate of interest if we deposit the coin in saving. Earlier UST was offering a similar APR but it was centralized and because of this reason, it has collapsed however things are different with HBD.

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I had some savings in my HBD but I withdrew recently because I wanted to invest in other stuff. It takes 3 days to get the liquid coins back in the wallet. Undoubtedly, keeping the HBD in the saving is the best and most profitable but because I wanted to buy some summoners cards in the splinterlands game and to buy some other coins, I did withdraw the HBD saving. Later I will surely think of bringing more HBD back to saving but as of now, I think that this is the right decision for me.

Banks in India generally pay 5-6% interest on the deposits and inflation is more than 6% so there is no impact on the money with banks, we can somehow manage the inflation but it's not bringing any value addition to money. With HBD earning is 3 times more as compared to banks and I admit that this is the best option available in the market as of now for stablecoin and I will prefer t have decent HBD savings later. I am not sure how long it will take but I will prefer to have 5k HBD staked in my savings.

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I have been saving a small amount of HBD every month and sometimes even more than once in a month because I wanted to build a big corpus however this market crash was not expected and now I am trying to lose 20% apr so that I can buy some other coins and hopefully this will make my investment more profitable. It's about doing some experiment and you never know what the outcome will be but we still try so that a new way or aspect can be explored.

Thank you so much
Stay Safe

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I do save my HBD. Lots of crypto are down but HBD is steady around $1 for quite a long time now. 20% interest is amazing. I think it will stay stable and I think the interest will stay at 20% but no one knows the future. There are things in place to keep HBD stable and they are working well so far. Not financial advice but I think it's good to save up as much HBD as possible.

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