Stable Coins In DeFi a New Addition pHBD

With DeFi exploding in popularity in the last year or two it has only been recently that stablecoin have really become a major part of it. Mainly these have been the core stablecoins you think of.

Tether - Which has it's sus things about it. It has a long history of not doing what they said they were going to do and when they finally did it the audit company backed away. Which still brings up many questions.

DAI - Uses smart contracts on the Ethereum blockchain to do its best to keep the price at roughly $1 USD

USDC - This is coinbases stablecoin which is a rather recent addition to the stablecoin markets. It is manage by Centre which is founded from Circle and works with Coinbase and Bitmain.

The issue with all of these stablecoins really comes down to how centralized they are. In all cases of this except for maybe DAI are all centralized to a person, company or organization which brings them under fire of the SEC and very real possible grounds for them to get involved.

A Decentralized Stable Coin

That is all now about to change with the introduction of a new stable coin called HBD!

HBD is what I believe the first of its kind a truly decentralized stablecoin that has no central person, persons, company or entity controlling it. Thus because of this should have no grounds for the government to step in. This acts the same way as how the government has zero control over bitcoin itself and instead is only attacking the companies that offer services around it. However bitcoin itself if you own your wallet keys you're free to do whatever you want with it.

How To Buy or Earn HBD

You can earn some HBD simply by writing quality blog posts and comments on a front end blogging platform such as this one here called LeoFinance.io. By writing quality content community members will upvote your content which gives you a part of the daily emissions of Hive and HBD. After a 7 day window is when your payout will be calculated. I highly recommend producing only high quality content and comments and being consistent with it. If you're into stocks, finances, crypto and business I highly recommend joining LeoFinance.io and get started right now.

You can buy HBD from a few places.

The first is the internal market of Hive which can be found at https://wallet.hive.blog/market It's not the greatest option by any means but it's there for you to do some trading from within your Hive account.

You can also buy it from LeoDex.io which will come in the form of a swap.HBD token which can be withdrawn or traded with other layer 2 tokens on the Hive blockchain.

A brand new option is now available on the Polygon(MATIC) blockchain in the form of Defi. This is a new addition to the PolyCub Defi Now you can add pHBD (a wrapped Polygon version of the HBD stable coin) and USDC (Coinbases primary stablecoin) in exchange you'll earn some of the native token to that DeFi platform which in this case is PolyCub. You can also buy this wrapped version and use it within Polycub or unwrap it or wrap it here at WLeo.io/hbd

One thing is clear stablecoins are here to stay and they look to be forming the basic groundwork of the entire finance section of Cryptocurrency. It's actully a very powerful groundwork for crypto in general as it provides a solid base line of value to the entire crypto industry and I only see it getting larger.

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Posted Using LeoFinance ^Beta