RE: Ask Me Anything - Marky Edition - September 2021
I think anything more than $1.01 is not a stable coin and greatly impacts it's ability to be used as one.
I used to think the point of HBD was for commerce, and even 5% fluxiation has a huge impact on a business's bottom line when they work with 10-20% margins, but I don't really see HBD being used for commerce much at all and it's more similar to how other stable coins are used.
I do not believe it is stable at this point, but it is a lot better than it used to be and there is a lot more pressure to bring it down to $1, something we haven't had in the past.
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