One of the well-known cryptocurrency exchanges FTX calling on banks to start a discussion of accepting stable coins. The first bank that initiates the discussion will be rewarded $1 Million from FTX.
Original Source
To accept stable coins, banks would have to follow additional regulation processes &, etc. But these discussions can bring more attention to the HIVE chain because it has its stable coin HBD & on-chain conversational mechanism to keep the $1 peg price. Moreover, the HBD Stabilizer process is used to secure the soft-peg to $1 as well.
HBD 1 Month - Original Source
We hope on 2022, banks & other financial institutions will start accepting regulated stable coins as a payment option. But most of these coins are backed by USD value worth assets. As a result that, these tokens are hard-pegged to USD. But HBD is using a different mechanism to peg to $1.
Therefore, we believe HBD, will not get a room in regulated stable coins. But we can build /strong our soft-pegging mechanism to give more opportunities to use HBD as a payment option in HIVE chain users.
Especially, the HIVE chain is gaining more attention in the crypto-based gaming industry due to its' features of high scalability, speed & no fee. Therefore, securing HBD soft-peg to $1 will bring enormous opportunities in the future.
One other drawback of HBD it's not listed in multiple legitimate exchanges. Famous & reliable exchanges still not listed HBD & Defi also lacks their concern here. We should focus on listing HIVE/HBD in defi platforms to bring more dAPP developments into the HIVE chain.
Original Source
To accept stable coins, banks would have to follow additional regulation processes &, etc. But these discussions can bring more attention to the HIVE chain because it has its stable coin HBD & on-chain conversational mechanism to keep the $1 peg price. Moreover, the HBD Stabilizer process is used to secure the soft-peg to $1 as well.
HBD 1 Month - Original Source
We hope on 2022, banks & other financial institutions will start accepting regulated stable coins as a payment option. But most of these coins are backed by USD value worth assets. As a result that, these tokens are hard-pegged to USD. But HBD is using a different mechanism to peg to $1.
Therefore, we believe HBD, will not get a room in regulated stable coins. But we can build /strong our soft-pegging mechanism to give more opportunities to use HBD as a payment option in HIVE chain users.
Especially, the HIVE chain is gaining more attention in the crypto-based gaming industry due to its' features of high scalability, speed & no fee. Therefore, securing HBD soft-peg to $1 will bring enormous opportunities in the future.
One other drawback of HBD it's not listed in multiple legitimate exchanges. Famous & reliable exchanges still not listed HBD & Defi also lacks their concern here. We should focus on listing HIVE/HBD in defi platforms to bring more dAPP developments into the HIVE chain.