Hive Backed Dollar (HBD): The Underrated Decentralized Stablecoin Powerhouse
The majority of the crypto community is on the lookout for USDT, USDC, DAI stablecoins, totally overlooking the most resilient, decentralized, and yield-rich alternative — Hive Backed Dollar (HBD).
However, the twist is that HBD is not another stablecoin. It is a censorship-proof, blockchain-native, interest-bearing asset that is superior to the rest in a multitude of ways that most AI-generated content articles won’t even touch.
Let us explore how and why HBD is the decentralized stablecoin that has been missing in your crypto bag and why no generic AI can replicate my thoughts.
1. The Only Stablecoin Paying to Hold It (20% APR, No Enrollment, No Banks)
The majority of stablecoins suffer due to inflation. Some (like USDC) provide meager yields, but only if locked in risky DeFi protocols or CEX.
HBD? It rewards you with 20% APR with no servicing fees via direct saving.
How? The Hive blockchain mint new HIVE tokens in the same way Bitcoin does via block rewards.
Incompatable with Ponzi schemes. This is protocol-level yield that is unsustainable DeFi farm inflation backed.
Consider:
USDC in Coinbase? Paying ~5% (if you trust a centralized custodian).
DAI in Aave? 3-7% with liquidation risk on top.
HBD in Savings? 20% with no possibility of change, on-chain.
2. Fully Decentralized – No Company or Government Can Shut it Down
Consider the scenario: What if the US were to seize Tether’s reserves? Or Circle decides to freeze your USDC?
HBD guarantees:
✅ No Corporate Issuer—HBD is minted and governed by the Hive blockchain.
✅ No freezing, no blacklisting—All transactions are unstoppable. (Contrary to USDC’s OFAC compliance).
✅ Survived real-world attacks—Hive had to fork away from Steem after Justin Sun’s hostile takeover, which proves anti-censorship resilience.
This is not “decentralized” in theory only, it’s battle-tested.
3. HBD: The Peg Not Built on Trust (Tether or UST, take notes)
Most stablecoins rely on faith:
USDT? “Trust us, we have reserves.” (Audits? Rare.)
UST? “Trust the algorithm.” (We know how that ended.)
HBD’s peg is enforced by code, not promises:
🔹 1 HBD = $1 worth of HIVE. Always convertible at the protocol level.
🔹 Arbitrage bots enforce the peg. Traders buy HBD priced below $1 and convert to HIVE, profiting.
🔹 No fractional reserves—unlike Tether’s murky backing.
4. HBD: Built for Real-World Use
Most stablecoins live only on exchanges. HBD thrives in a real decentralized economy:
HBD enables you to tip your bloggers could be your tip for your bloggers (Hive is a social blockchain)
**You can Purchase Gasless NFTs **
Trade on Tribaldex (Hive’s native DEX—no KYC, no delays).
Earn it by (Earn on platforms like PeakD that pay in HBD).
Thousands of users transact it on a daily basis, it’s not a ghost chain stablecoin.
5. The Safest Stablecoin for Long-Term Holders (No Bank Runs, No Collateral Liquidations)
USDC? Bank deposits are the collateral (SVB bank anyone?).
DAI? Needs over collateralization (falling ETH prices lead to liquidations).
HBD? No bank runs or forced sell offs because HIVE’s decentralized economy backs it.
No surprises, your money your keys.
What’s The Easiest Ways to get HBD (Act Quick Before it becomes Common Knowledge)
HBD is predominantly stumbled upon by users of Hive’s social apps. In contrast, acquiring it is much easier:
1️⃣ Purchase HIVE on either Upbit or Binance and convert to HBD.
2️⃣ Use Hive’s built in DEX called Tribaldex to swap.
3️⃣ Earn it through blogging on Hive.
Bottomline: the only stablecoin that adheres to the fundamental principles of crypto.
HBD is not just another algorithmic stablecoin, it is:*
✔ No controlling party, it is truly decentralized
✔ No custody, free to do without the bank’s dominion.
✔ Yields high returns, a generous 20% APR.
✔ Utilized in a genuine economy (not solely on conjecture).
The move that you are waiting for is finally here.
the flight is about to begin 🚀