I'm curious to see if there's any large interest from the community towards a HBD/Stablecoin pair. I mean Bittrex already has the HBD/BTC pair but it would be great if they could list a HBD/USDT one too or Binance for that matter.
I've been using the Bittrex HBD/BTC based TradingView generated HBDUSD chart for reference, mostly to help set up trade alerts to notify me when the price is trading significantly below or above $1.
The HBD/BTC pairing has been proven sufficient so far and it's okay if you want to stack up either HBD or BTC. However, if you want to stack up HBD to trade in for stablecoin which ensures a stable portfolio without having to worry about the fluctuation of BTC when you move out of HBD.
If you want to trade this now you'd have to keep a check of when satoshi value of HBD is below $1 to move your stable coin -> BTC -> HBD and vice versa. Even if you didn't care for the process, at the very least you end up paying fees twice to the exchange which I always find a bit unnecessary. Remember, any fees we save is a gain for us.
Also, with Binance acquisition of major Indian crypto exchange WazirX, you can move USDT between these two exchanges seamlessly for example.
Personally, I think it's about time we had a HBD/USDT pairing. USDT despite being somewhat controversial remains widely used in many geo locations around the world. It's a great on-ramp in India as well. I think a HBD/USDT listing on Bittrex or Binance would be very welcome.
I also feel being in the crypto space you have to protect your capital and portfolio value at all times. This is largely possible only when your assets hold a stable value especially at times when you don't want to trade them.
Many users hodl HBD in hopes of selling it at over $1. A stablecoin pair IMO will certainly help make this easier.
I'm curious to know if there's a greater interest from the community for a HBD/Stablecoin listing and hence this post. I'd also like to know if you think we don't need a HBD/stablecoin pair in the first place and what your arguments for the same are as well in the comments below.