RE: Why HBD is the best, most decentralized stablecoin you've never heard of
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That's a fair comparison. But you need to remember that USDC and other stables are backed by fiat and banks. HBD on the other hand, is out of this algorithm and decentralized. We are trending a bit of the tight peg by the freedom, let's say =P.
It isn't perfect, but it is the best for what it offers, such as no KYC,APR etc. We can say that it is the best decentralized then? ;)
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o.o you don't need kyc to buy usdc?
In the end HBD still backed by fiat no? because hive is backed by usdc/usd. It's all connected in the end and for real I think it's best it's backed by real money because at the end of the day that's what can actually pay for almost anything where as it's not that easy to buy certain things with only crypto.
It's same thing just done differently. High APR the cost is coming elsewhere~; it's probably one of the factors keeping Hive price low so hard to say.
Remember that despite of USDC belongs to a company and can freeze your funds if it wants! The big thing on HBD is that it prioritizes sovereignty and decentralization so it is the gold for those getting more of that. And Yeah, the APR has its own costs but we can see as an adoption incentive :) . Witnesses are always regulating that, we had a period of no APR for example.
o.o ya but I highly doubt it will just freeze for no reason.
I guess you could say that
Well it's not that great of an adoption incentive. It was meant to onboard more users but it didn't work that's why it dropped to 15. I still don't think it's working that well. It's just mostly whales already in hive taking advantage of the high apr and I think in the mid-long run it's actually holding back Hive