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RE: Hive Backed Dollar : The Amount In Stablecoins Needed To Power The Economy

in LeoFinance2 years ago

Anyone who knows Hive realized that HBD is backed by $1 worth of HIVE. Thus we see how HBD utilizes the USD unit of account (measurement) yet is not backed by the dollars. It is tied to a completely different asset.

This is one of the more brilliant aspects of HBD. When I started reading this post, I immediately started to think if the USD collapses, so do the stable coins that are backed by USD. It happens to be most of the stable coins on the market. HBD being backed by HIVE takes that problem out of the equation. The more we understand the HIVE ecosystem, the more surprising it becomes that the wider crypto communities does not either know of, or choose to ignore it.

I think these are the things we need to use as arguments when marketing hive - show them how we're different.... Not just an explanation of what we are.