I have just but little to tell about this trusted and unique type of stablecoin. One of its kind that doesn't fluctuate (it's always within the range of $1).
Keeping converting your money into this is like saving your money in the bank such that when ever you go back you get the exact of what you kept even bank these days take charges for helping you to store up your money so it's not a guarantee that even the bank will give you the exact amount you deposited with them.
Like other coins, I will present to you the most stablecoin you will not regret having, HBD.
What are Hive backed Dollars?
HBD (Hive backed dollars) is a unique and stablecoin that is backed by a Blockchain which gives value for content creation and its value is attached to that of USD. This blockchain is a platform that gives room and accommodate operations that gives opportunity for an onchain conversation through creation of feeds that will be rewarded with a small unit of the HBD in the form of Hive. These rewards come as a proof of the quality of the content created.
Hive which can either be converted into HP( hive power), this is to elevate your capacity in terms of reward which is done by voting a content or it can be converted into HBD ( Hive backed dollars) this is to ensure that your coin is safe without the fear of losing it to some form of deflation. This coin has a history of keeping the same value as USD with no room for fear.
What does that entail? It's just plain that your $10 will still be your $10 whenever you come to it only if you trust HBD enough to make it your sole administrator of keeping your currency.
Transparency is top notch as all transactions are running on the hive-Blockchain gives an easy to understand and a well articulated history with no room for compromise or loss of funds.
The best way to get to know yourself better is when you try and trust me there are no regrets when you decide to see for yourself.