I really like this chart
If this is not "stable coin" I don't know what is. I think this is probably the best algorithymic stable coin I have seen. Just compare this chart to the world best stable coin (the US Dollar), the dollar index, and you will see that DXY is more volatile than HBD.
I plotted DXY for the same interval and this is a weekly chart
Yea it has been performing well. Hope it continues to do so, so we can build an economy around it
We all remember Luna.
I had to answer this to a number of people who poo-poos HBD as algo stable coin and refuse to buy it. I recently had to go though with it in conversation with multiple large investors, and this is the chart I show.
DXY with HBD.
Boom!
Great job!!!
The longer it sticks around the better. Its now in good shape for four years. Thats something! It has survived the 2022 crash! We just need to be carefull and to balance the inflation vs growth to keep it going
I really like the in depth of the article too, helps me understand how the DHF works :)