I never thought about this before. Essentially, all the popular stablecoins right now are foundationally centralized from the perspective of pegging it to the dollar, whilst HBD is pegged to $1 of HIVE, the value of which is maintained by the people.

To be honest, this feels like a flimsy foundation, what HBD has going for it. USDT maintains its peg so well because its pegged to something that will never change in value, while HIVE is susceptible to the market's greed and fear. It'll be interesting to see how HBD is going to improve its security going forward.