After spending over four years on the Hive blockchain, I've seen a lot from the ups and downs of the crypto market and also to how different coins behave during hard times. But one thing that has consistently impressed me over time is the Hive Backed Dollar (HBD). Here is my honest opinion that HBD is infact the best stablecoin out there and here are three reasons that I'm so sure about.
A. It’s Truly Decentralized:
To those that may not fully understand that, here’s what it means.
When a system is decentralized, this means removing control from one single person, company, or authority and spreading it across many people or systems.
In simpler terms, When it’s decentralized, it’s controlled by many people or systems working together. Not one person has full control.
Most stablecoins today are controlled by big companies. They can freeze your funds, change rules, or even block your account which is very annoying, But HBD is different. It runs on the Hive blockchain, which is community-owned. No central body controls it. This means you stay in control of your money, always.
B. You Can Earn Without Risky Platforms:
Another thing I really love about HBD is the ability to earn interest just by saving. Right now, Hive blockchain offers up to 15% APR when you put HBD into your savings wallet.
guess what? You don’t need to send it to any third-party website or exchange. It stays safe in your own wallet, on the blockchain. That’s peace of mind isn't it?
C. It Keeps Its Value Steady:
HBD is designed to stay around $1 in value, and from my experience over the years, it does a great job at that. The system uses built-in rules and conversions to balance things out. It doesn’t rely on companies, or institutions which would want you to trust them for your money saying. The sweetest thing is everything is on-chain and open for anyone to see. That kind of transparency builds real trust.
Final Thoughts
I’ve been around Hive long enough to know what works and what doesn’t. And from what I’ve seen, HBD offers something special.
Stability, freedom, and passive income all without needing a bank or middleman. If you're looking for a stablecoin that truly puts the user first, HBD is worth paying attention to.