![image.png](https://files.peakd.com/file/peakd-hive/belemo/23x171ifbUCSdZXnkZMFPQJsdQ65a54a1ZPVP1KRTqo7NnJjoj25BADiahLmHyo3K4dSg.png)


HBD is supposed to be the stable coin on Hive but for a long time, we've struggled to get it right. The recent efforts have been fairly positive, as we manage to get it within range of a dollar but it's still not quite there. 

As crypto regulations cast a shadow over the industry, there will be an increasing need for stable coins like HBD. Unlike the most popular stable coins, HBD has unique properties that set it apart and look certain to be huge in the future. 


### HBD is the real deal

HBD is completely under the radar. It operates on the basis of "if you know, you know" and in the general scheme of things, that's not exactly a good look. 

The future of defi and the crypto industry as a whole is going to be heavily reliant on decentralised stable coins like HBD. 

HBD is an algorithmically managed stable coin on Hive blockchain. The printing and management of the asset are entirely handled by the community. 

It derives value from Hive, as well as the community. HBD is as transparent as they come. 

To cap it off, HBD interest rate 12% APR is one of the highest you can find in the entire crypto space. Most other assets offer around 8-10% interest. So how come few people know about this asset?


### Centralised Stable coins

I read a publication about the numerous challenges that centralised stable coins like USDT, USDC, and BUSD tend to face. Unfortunately, these are the stable coins with the most volume and are the most popular. 

Many people in the know are actually aware of the potential shortfalls that could result from some unexpected regulations falling on them. 

FOr example, BUSD of Binance is created and managed by a company that's constantly in the crosshairs of regulatory bodies all over the world. I'm not saying it will happen but what if one day, an attack on BUSD leads to some unwanted negative effect on the asset?

Also, these centralised stable coins are minted, and controlled in secret, how do we even know they're legit? USDT often claims they have collateral, backing, etc. What if it's bullshit? I'm not saying it is but I'm just saying what if?

### We need stable coins

There's no doubt about it, we need stable coins in this industry. These assets insulate you from the crazy volatility in the market. 

When you don't feel like playing the game, you sell for stable coins and just wait. However, sometimes I wonder if we even have enough stable coins?


### HBD doesn't even make the list

I checked [coinmarketcap](https://coinmarketcap.com/view/stablecoin/) ranking of stable coins and found out that HBD wasn't even mentioned there.  It's so bad that nobody even knows about what we're doing here. 

Ironically, on that list of Stable coins, there's SBD and that extremely volatile asset is currently trading at slightly over $4. So why is SBD mentioned and HBD isn't?

At the time of writing, there's little data about HBD on [coinmarketcap](https://coinmarketcap.com/currencies/hive-dollar/). As one of the most popular crypto data aggregation sites, I'm not exactly sure this is a good look. 

As if absence from Coinmarketcap isn't bad enough, there's also no mention of some data on Coingecko. This is particularly damning because Coingecko supported the fork in some way and their plugin is used on popular front-ends like Peakd and Leofinance. 

Again, I checked the [list of stable coins known by Coingecko](https://www.coingecko.com/en/categories/stablecoins) and HBD doesn't also make the list. However, it doesn't count SBD like Coinmarketcap, so it is a less silly list.


![image.png](https://files.peakd.com/file/peakd-hive/belemo/23twAKVfTyeKWKAZ4F1qF8KAKPNRdtmJQJ3x1UctjA9PvRDac3iM2ySXoUz5HrwN85yQZ.png)


So let's say we tweet something about HBD being a stable coin and then a random person outside Hive checks one of these two popular platforms and doesn't see HBD mentioned as a stable coin, do you think the person will actually take it seriously? 


### In summary

There's one parable in the bible that goes something like "it is unwise to light a lamp and then place it under your bed". 

If we want to take HBD to the next level, we have to be willing to take it to the next level. Sorting out the algorithm is important and that's been a challenge but at the same time, we need to do the little things as well because, in this industry of tiny margins, they matter. 

Many people don't know about HBD because there's little data about it. [Cointelegraph](https://cointelegraph.com/news/crypto-regulation-concerns-make-decentralized-stablecoins-attractive-to-defi-investors) wrote a piece about the benefits of decentralised stable coins that mentioned "Magic Internet Money" but didn't mention HBD. 

If you look around, virtually all the decentrlised stable coins have some limitation or the other. The biggest of the lot is [TerraUsd on Luna](https://www.coingecko.com/en/coins/terra-usd) and that one has a total market cap of $281,372,307. There's a lot of room for HBD in this space and with the right push, we could at least let more people know about it. 


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### Contact & Support

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