RE: The use cases and benefits of stablecoins in the crypto economy by atma.love

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Viewing a response to: @codingdefined/the-use-cases-and-benefits-of-stablecoins-in-the-crypto-economy

hive-167922 · @atma.love · Jan 14 '23

>The Fiat collateralized stablecoins are the most prominent ones like USDT and HBD which are pegged to US Dollars whereas the Crypto collateralized stablecoins are pegged to the value of a cryptocurrency.

i'm pretty sure this is incorrect.

HBD is not collateralized by Fiat, but by Hive.  i'm not sure that it's even pegger to the dollar. i think that's the wrong term. i remember saying that myself before but was corrected, but can't remember correct tem.

Sat Nam


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@codingdefined · Jan 14 '23

$0.02

That's correct, I have to correct myself. There is a there a third type of stablecoins which is Algorithmic Stablecoins which uses a buy and sell mechanism to keep the HBD value from fluctuating.

👍 atma.love

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@lolzbot · Jan 14 '23

$0.02

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@pgm-curator · Jan 14 '23

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