Unable to convert HBD on peakd

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I was able to convert HBD to hive on esteem@esteem. Thank you esteem@esteem. I am not very clear on the economics of these SBD&HBD markets. I hope that I am correct when I convert stable coins into crypto during the most bearish cycles. My logic is that since the stable coin is supposed to be pegged to a dollar then the lower the crypto token goes in exchange rate the more tokens should be alotted to meet the dollar value. I want to know how that will change the entire system and chain. What does the chain do with my stablecoin? I suppose it would be recycled to reward someone else.

Hive on people.

Unable to convert HBD on peakd | Ecency