RE: Hive Backed Dollar (HBD) Is Becoming A Stablecoin

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It’s currently under .95 cents. The last thing I’d call it is a stable coin



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Some interfaces for tracking the price can be misleading. It's at 0.96-0.97 right now and hbdstabilizer brings it back up to 0.99 in some hours. A good link to track the price on actual exchanges is this: https://coinmarketcap.com/currencies/hive-dollar/markets/

You can see the hbdstabilizer converting HBD to Hive and buying up HBD here: https://peakd.com/@hbdstabilizer/wallet

(There are inconsistencies between prices shown on Coingecko and the Coinmarketcap link above. The two sites seem to fetch different prices from the Upbit exchange, at least right now. And in general, Upbit prices seem unreliable so we can consider the Bittrex price as the more accurate one.)

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I don’t think it will Hold even a bigger window. I’d love to be wrong though!
I’ll be watching 🤟

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