So many stables, how many will actually end up being stables? lol, the question is rhetorical
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We've always been down on the fact that HBD is a stable-ish coin.
But do you think in terms of algorithmic stablecoins, that this is (or at least will be) accepted as the norm?
I mean it's partly the security features in place to prevent a death spiral that allow it to slightly fluctuate.
Interesting one.
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I love that you use.. Stable-ish that's exactly how I think of HBD.
I think there is room in the market space for tight pegs, such as Tether, and also ISH stables, like HBD.
We have a lot of safety nets in place to not kill Hive in the process, but I wonder how HBD will hold up to the semipeg in an extended low price period.
One thing, is if it doesn't stay pegged, at least it doesn't take down Hive with it.
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The peg is due to the low float. There are few exchanges carrying it which makes it volatile. We have basically 9 million HBD in the free float.
So it will likely tighten as the numbers expand, both the number of places where you get it along with the number of tokens available.
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It is going to depend upon creating use cases. That is why the articles detailing the directions that we need to expand in.
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