The Hive Backed Dollar (HBD) offers something to potentially billions of people. It enables then to get dollar denominated assets which protects against the decline in the value of their local currency.
In this video I discuss all this gives people who do not have access to US dollars through their banks. It is something that operates in digitial form, which most have to use the dollars in banknote form.
▶️ 3Speak
It is nice that you are talking about HBD. It is actually one of the reasons why I stuck with Hive. Hive having its own stablecoin, and offering 20 percent APR on its savings is a big deal. I don't think I've seen any stablecoin offer that high of an APR anywhere.
I'm so happy you brought up the utility aspect of the HBD. Honestly I'm living in the same situation, the dollar is rising so High and breaking my currency. It's now about 15 of it to 1 USD... I'm realizing the HBD is giving me some very good advantage in this situation. HBD is certainly one way of protecting ourselves in these nations... Great insights Taskmaster.. absolutely spot on
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