The Hive Backed Dollar has come down to 1.03 USD. It is my experience telling me it is not going to hold its value but drop to well below a dollar. It seems like instead of the HBD Stablizer, we just needed Elon Musk to spread general FUD around to bring the price of Hive down and the HBD price seems to be strongly linked to Hive's price.
With the new hf 25 mechanism in place I am somewhat confident that we will have a stable coin on the Hive blockchain rather than needing to use SWAP.USDT. This is a big step toward commerce on Hive.
The bad news is you cannot power up 130% right now. No, the dollar amount will no longer be much more than the hive power amount. Time will tell if things stay this way.
