RE: Current Events May 2025
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A stable coin not pegged to the US dollar... What's stopping Hive from doing that? Why is HBD pegged to the dollar anyway? If anything, it seems like it should be pegged to BTC.
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Pegging debt to BTC is exactly how ThorChain went bankrupt a couple months ago.
This is why the value of debt always needs to trend downward or the entire system breaks.