Interesting to see this... just like SBD used to do. It doesn't entirely work as a stablecoin since people external to the Hive ecosystem don't have any idea that it's not a "real" cryptocurrency... and yet it's traded on public exchanges where anyone with a little cash can exploit the relatively low total supply to their advantage.

It would make more sense if it were only tradeable internally, and perhaps had a stablecoin-ish purpose like being the method of payment in a Hive-based peer-to-peer marketplace.

=^..^=