Should HBD pegging be moving from $1 worth of Hive to something else?

Currently, HBD is pegged to $1 worth of Hive which means that it doesn't have $USD as collateral, but is valued based on the $USD worth in Hive. With the current turbulence in the traditional banking systems which might pull the $USD down significantly, I wonder if the pegging/reference should be moving from $USD to something else. Until now having this formula seemed to provide stability and familiarity for users, as the US dollar is a widely recognized and stable currency. However, if the traditional financial system experiences a crash or significant devaluation of the US dollar, it could lead to value deterioration and even a collapse of the stablecoin pegged or referenced to it.

Pegging HBD stablecoin to another stable cryptocurrency like USDT, USDC, or BUSD could potentially provide more stability, as these cryptocurrencies are designed to maintain a stable value relative to the collateral assets and at the same time the supply is not coming out of thin air. However, they still carry a significant degree of risk as are heavily relying on collateral from traditional finance and banking, thus might be also subject to market fluctuations when extreme events happen.

I think with the current events the Hive Witnesses should evaluate alternative options for pegging/referencing what 1 HBD is worth as part of Hive. Not sure it can be pegged to Gold or other more stable and deflationary assets, but some thought needs to be poured into it to navigate stormy weathers like the ones we are living in today.

These are some thoughts that I have thrown out in the open and I wonder what are your thoughts on this and if you see any better alternatives. Nevertheless, I invite you to provide feedback, whether positive or constructive. :)

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