I have a question about it, the funds made would be used to pegged hbd to $1 right but I found out hbd actually rose above $1 to about $3 is it a glitch or what. I actually new to hive Blockchain but I work on Bitcoincash Bitcoincash Blockchain and got my hive account dormant for months and I found that build on hive Blockchain is actually great and I hope to know more about your curation and also to develop a my account soon and would like to be curated by you community and also what does it take to be among your community and I don't I need to delegate much cause I don't really understand much about the hive Blockchain but I spend time learning more about it.
I hope to hear from you soon cause your article is actually a few months old
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When the price of HBD deviates from $1, the stabilizer buys or sells HBD to push the price back to $1. This doesn't happen instantly because the stabilizer has a limited budget (currently about 7000 HBD per hour), so it may take time to buy or sell enough HBD to restore the peg. That's why there have been some temporary periods that the price may deviate, including recently when HBD went to about $3 and took about two days to get back to $1.
Thanks for answer, I am actually getting to know more about hbd theory and I hope to write about it soon and I wonder how it works, and it seems to be different from other stable coins. See you soon on my article, you don't mind if I tag you when I write about hbd right, or I tagged when I write a article related to hive 🤕