The HBD which stands for Hive-baked dollars is an exceptional type of stable coin built on the Hive blockchain and pegged to the US dollar.
It is currently trading at $0.9794 and a volume of $60,403 which is about a 1052.73% increase in the last 24 hours according to information gotten from coinmarketcap. com
The massive increase in trading volume is an indication of massive/adoption attention on the HBD token which I believe will see its price back pushed to exactly $1.
This massive adoption I believe is also a result of the increase in its ROI from its initial 12% to 20% for investors.
This increase is sure to pull in more hands in the adoption of HBD and that's what we are already seeing based on the tremendous increase in its trading volume in the last 24hrs.
There are no ways to compare this amount of interest with what we get from our local banks and most of them do not even give any interest at all.
According to my findings, is clear the most traditional banks that "high" APY on fixed deposits are those that offer an APY of about 0.5%.
And even one of the most used banks in my country does not offer anything higher than what we just saw above.
Looking at all the above data, it is quite obvious that the 20% APY on HBD is nothing to compare with these local banks and traditional investment APY which is among the main reason behind the growth in the adoption of HBD.
The massive adoption saw HBD move passed $1 to its all-time high in the last 24hrs and I believe that in no time, the HBD price will stabilize at $1 as more investors continue to flow in. Posted Using LeoFinance Beta