HBD: Decentralized Stablecoin that pays 15% interest.
Hive Backed Dollars or HBD in short, is the stablecoin in Hive Blockchain along with Hive is truly a decentralized stablecoin. When we talk about stable coins we have broadly 2 types of stable coin.
Centralized Stablecoin: They are issued by a central entity or by a corporation and their value is pegged to the USD. In this case, you have to trust that the central entity that they are holding the Dollar reserve in their custody against the stablecoin they issued.
Decentralized Stabecoin: If there is no central authority to issue a stablecoin and the peg of stablecoin is maintained through algorithm, protocols, or by any mathematical or digital asset then it will be a Decentralized stablecoin.
Since peg of HBD is maintained by guarantee of Hive Blockchain that it will pay $1 worth of Hive for every HBD therefore it is a decentralized stablecoin.
Does stablecoin pays interest?
As far as my knowledge and research(apart from HBD), stablecoins do not pay interest for holding them in your wallet. You need to lend them in a centralized platform so that you can earn some interest but again in this case you have to trust a central entity for it. Another way I know is that you can put your coin in defi protocols and earn some defi yields but with all kinds of defi hacks and the impermanent loss, this looks like it is a very risky method.
HBD (Hive backed Dollar) pays 15% interest.
The only coin I know that pays you interest or helps you earn without using any of the centralized entities or risking your money in the Defi Protocol is HBD.
Only you need to transfer your HBD to your own savings accounts. (Savings account is also owned by you.) By doing this you will earn interest with 15% APR paid monthly on your savings accounts. It will need 3.5 days to get back transfer your HBD back from your savings account to your Hive account and I guess it is manageable and offers more peace of mind than lending your money from a centralized entity (by doing all kinds of KYC) or earning by Defi protocol (by exposing yourself to all kind of the risks).