Hive Backed Dollar (HBD)
Is it being done? Is HBD becoming a stable coin? It has been sticking around the $1.00 mark. I think this is fantastic. I wonder with the 10 percent return how many people got it put in savings? I know I do.
To be honest I never really understood the purpose of a stable coin until HF25. Now I got a small understanding.
This article I linked to and graphic of key points is well worth the read for people like me that do not or did not have an understanding of stable coin.
I hope this posts helps someone.
Bradley
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I’m not sure that HF25 has done anything. Presumably, more people are saving. According to CoinGecko, HBD market cap has remained at about $4 Million where it has tended to be. Their data may be incomplete. Or, alternatively, the 10% has had a negligible impact.
Regardless, I too am keeping my HBD earnings in Savings. In the long run, this will build a stable component to my Hive account. In time, my account will be less volatile. I may even put in additional savings of my own.
I guess the saying, time will tell, will tell.
Thanks for the engagement
!BBH
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
https://twitter.com/AndersonSBrad/status/1418511071221006337
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How do I get the 10% return? Thank you.
Move your HBD to savings.
!BBH
Wow, so simple
😉
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
Thank you