When it came out a couple of years ago, The Standard Token system looked promising with a EURO based stablecoin. This "EUROs" coin not to be confused with the plural form of Euro, is supposed to be pegged to 1 Euro. Taday it is trading at 0.75 USDT.
A large borrower of EUROs could have traded out at full price, manipulated the price by selling it for well under one EURO in order to cause a panic sell. The panic sell, could make users lose confidence in the system and sell all of the EUROs coins at an even deeper discount. Being a stablecoin it is part of the value proposition to keep with the EUROs. So, it makes sense for a stablecoin to lose big when it loses its peg for a sustained period of time. If the underlying assets can make most of the holders whole again, the EUROs holders may find themselves re-buying EUROs again on the market after offloading the received collateral in order to make gains of the difference. This would shrink the supply of EUROs and further test the backing of EUROs. If at some point the backing fails, the EUROs could collapse further allowing the borrower to pay off his EUROs on cents on the dollar to reclaim whatever his collateral was.
The Hive dollar has a very tiny set of places to trade. Borrowing a million HBD is a difficult proposition. Perhaps the obscurity of Hive is an advantage.
@leprechaun