RE: Algorithmic stablecoins like HBD are the only way forward
(Edited)
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Yes, the nature of HBD is superb and distinct unlike USDT, BUSD and the sorts.
But, I think HBD is still quite unstable. This in some ways could hinder its adoption by the outside world.
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You're right, long-term HBD needs to stabilise at its peg closer than the 90c-$1.10 range we currently see.
At the moment, I like to call HBD a stable-ishcoin haha.
But remember, even if the market has HBD priced at 90c, it is still ALWAYS worth $1 of HIVE.
The blockchain ensures this.
Either way, more exchange listings and development will add to the arbitrage opportunities available and subsequently help to stabilise price.
It's coming :)
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Glad to know that those listings are coming. It's important because then a wider matket will trade HBD! In turn, we may see the stability we're gearing for
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