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RE: Could HBD Change DeFi On Hive?

in LeoFinance4 months ago

Honest question, wouldn't it me more worth to have HBD pegged at $1 USD like most stable coins and not trying to get it to $1 worth of HIVE?

I feel like use cases for $1 USD peg are far greater and better known and understood.

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Well HBD is not going to be backed by a dollar and will not be redeemed for dollars. It is paid in Hive.

So a peg to a dollar via Hive is still I think near the same.

Posted Using LeoFinance Beta

I'm really not understanding the benefits of that for some reason. It seems overly complicated with no real benefits? What makes pegging it that way more beneficial than $1 USD?