HIVE BACKED DOLLAR A GROWING STABLECOIN
The Dollar is rising against The Euro. Not just one but many are finding it difficult to maintain a positive position against it. The risk factor is tumultuous across all fiat currencies. You could think the US economy is the strongest could be the cause knowing the wording on the wall spell inflation everywhere. I guess who ever sound the meanest tends to make a resounding statement to support their currency.
Action speaks louder than words. It is the same saying about writing a post instead of having ideas burgeoning on your head. I think this is what US is doing. Even though the FED is late in response to the world affair, they are doing something worth sliding the pressure toward other currencies.
It is tough time every where you look at it.
For the past for days the use case for HBD has been put to use enormously. This is not the first time I see this trend. It is not common to see it day after day. I am waiting to see eventually how far in the future it will go. With the trouble we had with #stablecoins, it is about time #HBD is put on notice. As the first pic shows, #polycub manages to have #HBD in DEFI giving another avenue via #Polygon to have #HBD.
This year even boring in numbers, is loaded with affirmation for this blockchain. No wonder why a bear market is the perfect recipe for growth. Apart from the 20% in saving inside the blockchain, #HBD is solidifying its place among the holders. Hopefully the percentage can rise where it is inviting more to join. Personally I hold HBD and I think it is a great way to support the blockchain. I did write about it not long ago. I find it superb when you know what HBD will do long term.
In April 16th we had 24 million worth of HBD. Right now it is running around 27 million. As the pic shows #hive marketcap raises as well proving we are pushing for decentralization. The way this blockchain operates, it is inviting for more to come and be part of this naissance social media. You can be late but you will always be welcome.
Posted Using LeoFinance Beta
TheLoefinance team is helping with that. Hopefully we will see more HBD derivatives created. For now we have bHBD and pHBD.
Plus they are using a bot to arbitrage the different forms of HBD.
Posted Using LeoFinance Beta
This is what I am taking about. Layer 2 is in full swing
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Posted Using LeoFinance Beta
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Posted Using LeoFinance Beta
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HBD is such a gem, been observing it and it is still standing against all odds; the leofinance team is clearly working overtime