Stable coins are a great advancement for crypto at their current moment. Stable coin is a type of crypto built on block chain. It is the same technology used by Bitcoin. In the volatile world of crypto, stable coins offers stability. While the price of a Bitcoin fluctuates, stable coin is always stable.
WHY IS HBD THE BEST DECENTRALIZED STABLE COIN
1.It provides 20% APR (annual percentage rate) with no defi risk
Hive is one of the few (if not the only) platform that offers 20% APR. Unlike Terra which was an algorithmic stable coin (meaning it relied on code based arbitrage), hive is not algorithmic in the same way. It uses debt limits and conversions with hive token.
There are many differences which sets hive on a different path from Terra which collapsed in 2022.
Hive has no central authority. The 20% APR is set by community governance and paid from the rise of the hive token.
2.Transactions are instant and and has no gas fee
With hive backed dollars, you can pay right from your phone as the value is backed by the hive block chain. There is zero gas fee and it is a practical accessible tool for payment. HBD is one of the few stable coin with real world day-to-day utility, especially in regions with unstable Fiat.
It is also one of the best risk free rate. Hive provides a conversion mechanism where users can convert 1 HBD into $1 worth of hive. This gives users a transparent on chain collateralization.
3.Hive is a community built for content creators
Hive block chain can be equivalent to a beehive. The hive is home to social platforms like peak D, hive.blog and ecency. It is a community to be experienced and to share experiences.
HBD is the best decentralized stable coin you've never known and courtesy of this post, you do know. There's no bank, no lock in period and the users have full control over their funds. Hive offers both transparency, reliability and many more for it's users. In the volatile world of crypto, HBD is the best decentralized stable coin.