Can Hive Become A Stable Coin In My Country?

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Greetings to you all and welcome to my blog,I like asking questions to get answers,Hive is a type of cryptocurrency that is designed and trending as crypto that is used to buying and do exchange in different countries of the world that welcome cryptocurrency.

How I Get To Know Hive

This coin was introduced to me by a friend of mind that makes me to feel like scamming,but he took time to explain it by saying apart from my currency Naria,i can use it to buy what ever i what to buy and I can do western union transfer. It was so difficult for me to catch up , but I put interest to see and know how to earn the coins. I started blogging on Hive blogchain last week though my account was down.

I come to understand that hive isA stablecoin because it's type of cryptocurrency that is designed to maintain a reasonable stable value to compare to US dollar.
It is an assets if someone decided to buy it or use this system of writing to earn it airdrops

How is It stable value so important, it's value makes it to be less volatile than other cryptocurrencies apart from that it's potential is useful everyday transactions and as a medium of exchanging to others valuables

Hive characteristics

1• Stability: All stable coin do aim at the
ability to provide a stable value that have an alternative to the high volatility of other cryptocurrencies such as (Bitcoin and Solana )

  1. It is a reserve assets: as stablecoins it can be backed by reserve assets, such as physical cash or any cash equivalents to maintain It peg.

How can Hive blogging Be Advertising to the ecosystem of other

Is is possible to be promoting hive on different social media platforms for more knowledge for people to know about it and be enlightened. A lot of people are on social media like Facebook waisting their time and energy washing what is not of interest but if hive promotion link is being copied and drop like x share Tweeter platform it will strengthen the existence of Hive blogging.

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5 comments
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Congratulations @etette! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 500 upvotes.
Your next target is to reach 600 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

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Thank you for stopping by and drop a good comment on my post.
It is an encouraging one

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You're welcome @etette. Looking forward to you reaching your next target 😅

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Hive is not a stable coin but rather Hive Backed Dollar (HBD) can be considered a stable coin..

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Thank you for that enlightening me,I was not sure about it but now I really understand it.
That is why the #hive platform is an educative platform for those that values it.
Thank you

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