Aside from the inherent value of having a stablecoin, the mechanics of HBD work to remove Hive from supply
Can you elaborate on this a bit for me? Is it actually removing from supply or just issuing a note that will resupply those tokens in the future if the holder seeks to redeem their HBD?
I intended to write a longer reply, which is why I haven't written one yet, but I've been away on holiday and have not had the chance.
A very simplified answer is that there is a bit of both - Hive is redeemable in the future though removed from the market but also some is destroyed entirely.