Hive Backed Dollar (HBD) stablecoin analytics
HBD is Hive's algorithmic dollar, redeemable on-chain for $1 of HIVE via a witness-set conversion, with haircut rules when system debt exceeds thresholds.
Static Profile
Static stablecoin profile
Hive Backed Dollar (HBD) static profile: governance model Decentralized (DeFi); backing model Crypto-Collateralized; peg US Dollar.
AI summary / Updated May 15, 2026
HBD is Hive's algorithmic dollar redeemable on-chain for $1 of HIVE via witness-set conversion, with haircut rules when system debt exceeds thresholds. Hive Backed Dollar is a protocol-native dollar claim inside the Hive ecosystem. It targets $1 through HIVE conversion rules...
AI summary · drafted by claude-opus-4-7 · reviewed by @TokenBrice on May 15, 2026 · facts as of May 15, 2026
- Collateral
- Hive protocol value and conversion rules between HBD and HIVE, including haircut logic when HBD debt exceeds protocol thresholds
- Peg Mechanism
- Protocol-level conversion mechanism targets one U.S. dollar of HIVE per HBD, with witness-set interest and haircut rules under stress
- Jurisdiction
- Not disclosed in the static profile.
- Proof Of Reserves
- No proof-of-reserves entry in the static profile.
- Contracts
- No contract deployments are listed in the static profile.
Snippet Answer
Is HBD safe?
Pharos does not mark HBD as absolutely safe. Static metadata says Hive Backed Dollar uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with curated reserve profile; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Next Actions
Exact bot target: /subscribe dews,depeg,safety hbd-hive
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated May 15, 2026.
HBD quick answers
What is Hive Backed Dollar (HBD)?
HBD is Hive's algorithmic dollar, redeemable on-chain for $1 of HIVE via a witness-set conversion, with haircut rules when system debt exceeds thresholds. The static profile records its US Dollar peg mechanism as: Protocol-level conversion mechanism targets one U.S. dollar of HIVE per HBD, with witness-set interest and haircut rules under stress
What backs HBD?
Pharos classifies HBD backing as Crypto-Collateralized. Collateral, per the static profile: Hive protocol value and conversion rules between HBD and HIVE, including haircut logic when HBD debt exceeds protocol thresholds Reserve evidence: curated reserve profile.
Can HBD be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for HBD, when applicable, appear in the dossier below.