I’ve come across many people who talk about crypto Bitcoin, Ethereum, and the rest but very few even know that Hive has its own stablecoin called HBD (Hive Backed Dollar) To be honest, even I didn’t pay attention to it at first, but the more I understood it the more I realized how underrated and powerful it is
So what exactly is HBD and why should you care? Well, in simple terms HBD is a stablecoin that is designed to be equal to 1 US dollar. The difference between HBD and many of the other stablecoins out there is that HBD is completely decentralized. That means it’s not controlled by any government company, or central authority just the Hive blockchain itself and the community behind it
This is very important because most stablecoins we hear about, like USDT (Tether) or USD are managed by private companies. If anything goes wrong with those companies, your money is at risk. But with HBD, there’s no CEO or office that can suddenly disappear or get shut down. Everything is run through blockchain code and governance, where Hivers like me and you have a say.
One big benefit of HBD is its stability and interest. Unlike many cryptos that rise and fall every day, HBD stays around the $1 mark. And here’s the sweet part you can earn interest on your HBD just by saving it! Right now, the Hive blockchain gives up to 20% APR if you put your HBD in savings. That’s far more than any bank I know, and you don’t need to beg anybody or fill forms to start.
HBD is also fast to use. You can send it to anyone in seconds with little to no fee. It’s perfect for cross-border payments or for saving money in a country where the local currency keeps falling For people in countries like mine where inflation is real and bank fees are crazy HBD can be a lifesaver.
Lastly, because it lives on the Hive blockchain HBD is transparent. You can see all the transactions and how it works. Nothing is hidden.
In the end, HBD might not be famous like other coins, but it’s truly one of the most powerful and reliable stablecoins out there. It just needs more people to discover and trust it. I have, and I’m glad I did
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