You can trade HBD immediately for 83c on the free market, making it 'depegged' sure.

But you're forgetting that you can always convert HBD for 1 USD worth of HIVE.

Not 83c worth of HIVE - ALWAYS $1 worth of HIVE.

Markets are irrational, but code is not.

HBD is working exactly as its supposed to.

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