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RE: Ask Me Anything - Marky Edition - September 2021

in LeoFinance9 days ago

How stable do you think HBD can be? Do you think it's currently doing well for a stable coin?

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 9 days ago 

I think anything more than $1.01 is not a stable coin and greatly impacts it's ability to be used as one.

I used to think the point of HBD was for commerce, and even 5% fluxiation has a huge impact on a business's bottom line when they work with 10-20% margins, but I don't really see HBD being used for commerce much at all and it's more similar to how other stable coins are used.

I do not believe it is stable at this point, but it is a lot better than it used to be and there is a lot more pressure to bring it down to $1, something we haven't had in the past.

Posted Using LeoFinance Beta

Well thanks for that clarification, I use to this 0.99 to 1.20$ could be counted as just right or okay.
I guess it'll take time to actually get there. Thanks for the reply.

Posted Using LeoFinance Beta