Hive-Backed Dollars (HBD) have long-been an underappreciated aspect of the Hive blockchain.
Recently, there's been an increased focus on HBD as a massively important mechanism on the Hive blockchain.
With Terra (LUNA) exploding thanks to their platform mechanics, amazing community and algorithmic stablecoin approach, we think pushing HBD as one of the core selling points of the Hive blockchain is an extremely smart move.
Stablecoins are one of the best parts of the crypto industry. They are gaining traction on a ridiculous level and from all sorts of investors - retail, institutions and even governments.
HBD has the potential to become a top 10 stablecoin if the positioning is right. In this clip from last week's AMA, we talk about HBD right now and how we think it could become popular in the future if the mechanics are further improved.
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
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