I dislike the term "stablecoin" because that would suggest putting the fiat feature of instability into a crypto, and calling the dog a cat. No, HBD is not a stablecoin, rather it is a Hive-Backed Dollar. You can hold it, but it is debt to Hive. You can always trade 1 HBD for about a dollar worth of HIVE, but the peg is only approximated by traders and some trading mechanics. Still it is great because you can use collateralized conversion to swap HIVE for HBD when Hive goes up, and youll get change back in 3 days. Vice versa you can swap HBD for HIVE anytime, and that would be like trading paper money for silver coins. The HBD is debt, to Hive. Not a dollar. The "price" is only a visual conversion for our benefit.