With more volume, services and projects built around it and even merchants relying on using it on a daily basis instead of having to go through exchanges or other websites that offer direct trading but taking fees all along the way, I believe HBD is a very undervalued asset in terms of the usability it gives every Hive users.
There isn't enough HBD that exists for this to become a reality.
I have seen some say theres maybe 10 million HBD but coingecko has this. That isn't enough in circulation for exchanges to add it as a trade pairing. I'm talking about exchanges need hundreds of millions to billions of a stablecoin for it to be added to something like, SBD/LTC, SBD/DAI, SBD/USDT, SBD/Doge, SBD/UNI, SBD/blah blah
Yeah the exchanges that have it in BTC/ a few fiat options because people just dump it.
Hive is competing with projects that actually have their product put together well and it has tons of users.
DAI being the obvious example here. To avoid the current high fees on Ethereum people can use sidechains or other chains. Right now DAI can be locked in on Binance Smart Chain and transactions on there cost about 20 cents usually. Polygon(MATIC) chain it costs like .00001 of a penny to do a transaction and you can use all of the stablecoins.
HBD is being propped up as something useful, it doesn't need to exist for the most part and should be done away with. It's a project that took 5+ years to get close to being a stablecoin and still isn't. Nobody is going to use it because the other projects are already so successful and fees are super cheap.
The DHF doesn't need HBD to be funded, we have Price Oracles that say what price Hive is already. I haven't seen any reason why we can't have the DHF paid out in liquid Hive based on the price of Hive at the time.
Someone asks for 100 USD of funding per day.
Hive today is worth 50 cents, today their payout is 200 Hive.
Hive tomorrow is worth 49 cents, today their payout is 202 Hive.
We also don't need an internal market for trading HBD to Hive either, that internal market is only useful because we have HBD, if we didn't have HBD at all there would be no point for it.
I would like to see HBD deleted so we can move on to what Hive is really about, decentralized apps/socialmedia/free speech/free transactions/etc. Having all this stuff about stablecoins takes the focus off of Hives Core value system, it will never be seen by the outside community as being a valuable stablecoin.
Exchanges won't have listing where HBD is the pairing except for dumping HBD for BTC. It's been 5 years of this.
Uploading images is having a problem for my last two so here is links to them.
The MAIN use SBD has is dumped sold for Korean Fiat, failed stablecoin.
The MAIN use HBD has is dumping for BTC or HIVE which are actually useful, failed stablecoin. If we start paying people in Hive for the DHF as mentioned above, and get rid of the internal market, we are left with a coin that is useless. Before the DHF is was almost 100% useless and people just selling for Fiat/Hive.
RE: Ask the Hive: What kind of services/projects/businesses would you like to see more of with a stable HBD?