Over the years as a content creator on Hive, nothing is as awful as earning a $10 reward on your post only for it to pay out as $2 not because you were dis-incentivized but because there was a major fluctuation ion the crypto market. The effects of such awful experiences have been greatly reduced since out Hive Backed Dollar (HBD) was pegged to $1. Besides, we can tell as many other advantages that that singular change has done to the hive economy,. Indeed, the confidence of an investor has been further strengthened at least with HBD, the value on an investment on Hive can be maintained.
source - Edited
According to Nextadvisor, a stablecoin is a cryptocurrency that relies on a more stable asset as a basis for its value. Stablecoins attempt to peg their market value to some external reference, maybe pegged to a currency like the U.S. dollar or to a commodity's price such as gold. Moreover, stablecoins are to provide stability of price as people are transacting across coins or between fiat and digital currencies.
In a bid to show how cryptocurrencies can be utilized as other regular (fiat) currencies for everyday financial transaction, Stablecoins are created to be essentially less volatile. This stability is obtained via collateralization or through algorithmic mechanisms of buying/selling the reference assets.
Stablecoins have gained traction as they attempt to offer the best of both worlds—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies. Source
The popular stablecoins are linked to a fiat currency, such as the U.S. dollar. These are known as Fiat-Collateralized Stablecoins. They can also have value linked to precious metals or other cryptocurrencies. Thus, we have Crypto-Collateralized Stablecoins and Non-Collateralized (Algorithmic) Stablecoins. Crypto-collateralized stablecoins are backed by other cryptocurrencies. On the other hand, non-collateralized stablecoins don't use any reserve but include a working mechanism, like that of a central bank, to retain a stable price. For instance, the dollar-pegged basecoin uses a consensus mechanism to increase or decrease the supply of tokens on a need basis. Source
How Do You Use Stablecoins?
Basically, stablecoins serve as a means base of exchange of other assets. They form a bridge between volatile cryptocurrencies and stable real-world assets, like fiat. In some blockchains, stablecoins are staked, others are held in liquid form and maybe saved as applicable n the Hive blockchain. Looking deeper into Hive, there are some emerging stablecoins that could yield hugely beyond staking to curation and investment returns.
Stablecoins on Hive
In this post, I'll share thoughts on Three (3) stablecoins on Hive blockchain and how they hope as well as their prospects.
1. Hive Dollar
Every hiver would have known about Hive dollar as all posts rewards are seen by default as HBD and 50% pay out as HBD (in default).
Hive-backed dollars (HBD) are a unique type of trustless stablecoin that is backed by the underlying value of the Hive blockchain itself and pegged to the USD. This backing takes the form of an onchain conversion operation that lets HBD be converted to an equivalent USD value of Hive itself. For example, 10 HBD can be converted into $10 USD worth of HIVE. This HBD to HIVE conversion mechanism has effectively pegged the value of 1 HBD at or over the value of $1 USD. HBD stored in a Hive savings account earns a variable interest rate (current interest rate set based on the median vote of block producers) source
Hive Dollar also exist on hive-engine as SWAP.HIVE pegged to the value of HBD in the main chain. Moreover, Hive Dollar and is paired with a number of other tokens in the dieselpools, which makes such pools very strong with long term value.
Hive dollar is one of Hive's most powerful asset as it has stayed strong over the last year around the $1 value and well averaged at $0.98. This is an indication of a powerful future for HBD that could turn out one of the most powerful stablecoins when combined with the uniqueness of the Hive infrastructure.
2. CTPSB
The CTPSB token is a hive-engine token created by @Achim03, @Jongolson and co., of the @Clicktrackprofit community to serve as a backed token for the 
Description
The hive account
| Property | Details |
|---|---|
| Token Name | CTP Swarm Booster |
| Circulating supply | 10123.253846 |
| Total supply | 11410.016 |
| Max supply | 1000000.0000 |
| Precision | 6 |
| Issuer | |
| Website | https://www.ref-hunters.ch/ctpsb/index.php |
| Staking | No |
| Delegation | No |
The CTPSB token is one of those dividend paying tokens that has maintained a strong market value from its creation and is always growing thereby serving a HODLing reward. We could call it a Crypto-Collateralized Stablecoin.
3. CENT
CENT is one awesome but non-regular hive-engine token. I call it a stable hive-engine coin since it seeks to maintain a minimum of $0.01 price. It achieves this by an adjustable token supply in the prize pool to offset depreciation/valuation. At the same time, the liquidity ratio and trading volume is increased as much as possible. We can call it a non-Collateralized (Algorithmic) Stablecoins
CENT Token is a token that aims to reach a price value of $0.01. Cent Token's price is different from stable cryptocurrencies. The token has a volatile price trend around the target price. It aims to provide ease of transaction to its users by offering high liquidity and high volume. @anadolu/cent
| Property | Details |
|---|---|
| Token Name | CENT Token |
| Circulating supply | 1454201.13524689 |
| Total supply | 11004406.56909858 |
| Max supply | 1000000000000.00000000 |
| Precision | 8 |
| Issuer |  |
| Website | https://www.centblog.org/ |
| Staking | Yes |
| Unstaking Cooldown | 28 days in 4 transction(s) |
| Delegation | Yes |
| Undelegating Cooldown | 7 days |
With CENT token on hive-engine, a long term stable curation profit can be obtained. This is an amazing creation and CENT could become a token of attraction in the near future that could even force its price to even a 100 Cents.
The Future of Stablecoins
From every indication, stablecoin is one of the greatest development in the cryptocurrency space. There is a great anticipation for more regulations of stablecoins as corporate economies try to adopt cryptocurrency. It's time that crypto project developers look at ways to improve the yield that come with investing in stablecoins as we have a proposition for HBD in Hive Bond.
Join Hive Here and start a new work!
What is Hive?
Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source
What is Hive-Engine?
Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.
About me...
I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.
I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
Let's connect on Twitter