Can Hive Become A Stable Coin In My Country?
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
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 )
- 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.
Congratulations @etette! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
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
Thank you for stopping by and drop a good comment on my post.
It is an encouraging one
You're welcome @etette. Looking forward to you reaching your next target 😅
Hive is not a stable coin but rather Hive Backed Dollar (HBD) can be considered a stable coin..
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