That's all the HBD interest I've earned from putting them in my savings account this year. It's not much, but it's definitely more than what most your banks are offering. There aren't many places where you could get $10+ of interest with less than $1000 deposited. Couple that with the @hbdstabilizer, HBD started to have semblance of a stable coin.
The only downside is that Upbit seems to be the only major market that trades HBD. The worst part, they only pair with BTC. That part has always bothered me. It seemed counterintuitive to trade your BTC to buy a "stable coin". Well, I suppose when people like to break the peg on Upbit, it's a great way to "cheat out" more BTC. I would much prefer to see trading pair with USD or other stable coins down the road.
Aside from the low circulation of HBD, the limited number of places to trade them doesn't help. Sometimes, holding HBD feels like holding a illiquid asset. I mean, is there even an attempt to market the 10% interest?
What about regulations?
Pegging HBD to USD has its downside. It's a direct invite for regulators because it's linked to a government fiat. That 10% interest might draw unwanted attention. I mean, it is competing with the banks, bond markets, etc. In the contrary, it could be a good thing. It would be free press for this place.
Before anyone goes "DEXes and can't stop decentralization", it doesn't work like that. HBD is not on any notable DEXes with significant volume at this time. The moment Bittrex or Upbit receive a choke slam, there could be problems. Even Blocktrades is not above the law.
At the same time, it's not like HBD has to peg itself to the USD. There are definitely other options out there in the world. I guess the witnesses will cross that bridge if we get there.
Until then, enjoy that 10% interest. It may not be a bad place to bide your time in the upcoming bear market. Part of your time anyways, it's always better to diversify a bit. Not financial advice, though.