WHY HIVE BACKED DOLLAR (HBD) IS THE BEST SUSTAINABLE STABLECOIN
Cryptos currently is experiencing alot of dip which has been a concern to many investors and the dip has caused a very big loss in the crypto world.as at yesterday about $200billion dollars was liquidated from the market bringing the entire market cap of cryptos to $1.36trillion.so many investors lost their investment.well this is just a preamble into the main topic which is why HBD is the best stablecoin
There are many stablecoin out there and hbd happens to be one of those stablecoin.,you might be wondering why HBD is the best stablecoin most especially during this time of crypto catastrophe.it no longer news that many investors lost their investment with terra Luna due the on going bear market.nobody was actually expecting this happen most especially with the standard of crypto platform like luna.at the same time,the price of Luna went down to below $1 which is a very big blow.stablecoin generally are meant to be stable in value irrespective of what happens but the reverse was the case with terra Luna.terra Luna has a return on investment of over 100%.this is where sustainability has to putting into consideration.
Just like as I have earlier said HBD is one of the Numerous stable coin out there,the return on investment of HBD might not be as high as that of terra Luna but at the same time 20% is no joke.one beauty about hbd is that it very sustainable has alot of used cases.this is a major advantage that hbd has been able to maintain.with crash of terra Luna, everyone who has investment are crying but the nobody is crying on the hive platform about investment lost.although I know that everybody is affected by the dip but we on the other hand hbd is acting as a shield to it's users.despite the dip hbd still a way to keep earning both as a user or investor.i can always say that HBD is a life saver and is the safest way to keep investment going during this ongoing dip.its isn't about how big the return on investment is but the safety of the investment is very important because in a situation where you have a very high return and the safety of the investment is not guaranteed then it's as good as saying that your investment is at risk.