To be honest, I never really knew much about stablecoins before I joined Hive. I used to think all of them are the same thing,just another type of crypto that doesn’t go up or down. But when I came across HBD (Hive Backed Dollar), I decided to look deep into it and what I saw amazed me. It’s like finding a gold you didn’t know you’ve been walking over.
HBD is not just another stablecoin. It is different. It is truly decentralized, reliable, and has strong potential to go global, especially in countries like mine where inflation is always increasing and our own money is losing value everyday.
What makes HBD so special to me is that it is part of the Hive blockchain, which is a very strong and censorship-free platform. Unlike some other stablecoins that depend on banks or companies to back them, HBD doesn’t. It is controlled by the blockchain, not any government or single company. So nobody can freeze your HBD account or take your money anyhow.
Another thing I like about HBD is the 20% interest on savings. Yes! 15% APR just for saving your HBD on Hive. No bank in my country will ever give you that. Even the so-called online savings apps, after taking their charges and fees, what is left is peanuts. But with HBD, if you just leave it in savings, it grows steadily, and you can remove it anytime you like with no wahala.
And do you know the best part? HBD is fast and cheap to send. You can send HBD to anyone around the world in seconds, with zero transaction fees. Imagine sending money to your family or friend in another country without going through all the stress and high charges of traditional banks or apps like Western Union. That’s a big win.
Sometimes I wonder why more people don’t know about HBD. Maybe because it is not popular like USDT or BUSD, or because Hive itself is still a hidden gem. But I believe with time, people will begin to see that this is the real deal. We always complain about government controlling too much, but here is a tool that gives you control of your own money, yet we ignore it.
For me, HBD is freedom. It's safety. It's hope. It has opened my eyes to a better way to save and manage money, especially in a hard economy like ours. Even if the price of Hive goes up or down, my HBD still stays at $1. And with interest on top? That’s a big blessing.
So yes, HBD is the best, most decentralized stablecoin you’ve probably never heard of. But I have, and I’m glad I did. And now I use it proudly and tell others about it too.
Image design by me on canva
