HBD vs The Rest: The Most Decentralized Dollar in Crypto Today

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I was so glad I came across blockchain when I needed it the most, gained different experience and exposure, trading the ups and downs, the bearish and bullish seasons but one thing stood out in a way which is the taking profit aspect and trying to figure out what to do with those profits. Most of the time, after taking profit, I preferred leaving the profit in USDT which is a stable coin, but at some point, I started looking for ways to invest this stable coin instead of converting it to crypto tokens which are often volatile most of the time, I checked out Usdt, Usdc, Dai which are the most common stable coins but the interest rate and conditions surrounding them weren't favourable.

Take Binance as a case study, the interest rate for saving stable coins are very low, currently less than 10% yearly and also there is this crypto quote "Not your keys, not your crypto" which means your tokens aren't really safe since most of these exchanges are centralized and they are prone to hacks which do lead to loss of funds.

But Why HBD?

screenshot from @g2comfort

HBD known as Hive Backed Dollar is a stable coin on the hive blockchain is built on the decentralized web unlike other stablecoin which are mainly held on centralized exchanges, this stable coin unlike others isn't that popular but is powerful in the defi space, it is not depending on fiat or any centralized institutions, algorithmic peg and always maintain the 1$ value or really close to it, based on coinmarketcap chart, it rarely goes below 0.97. What I love majorly is the Decentralized aspect, no company is in charge which means it runs on blockchain code and the hive witnesses who stand like the validators on blockchain and to make it even more interesting, it doesn't ask for any kyc, you own your keys 100%.

We have 2 tokens which is hive (the native token which is volatile because it isn't pegged), then we have the stable coin which is HBD pegged to a dollar. Also it came with a saving feature, when users decide to stake their HBD, they earn up to 15% apr which can be claimed monthly and can also be compound, converted to hive and then withdraw, this savings feature with no lending protocols or exploits, it is 100% safe and can be fully controlled by you alone.

For more information

You can check out

HBD Interest Payments for July 2025 by @geekgirl

HBD Market Chart on Coinmarketcap

Hive Whitepaper
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