Hive Backed Dollar (HBD) stablecoin analytics
Answer First
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
Is HBD safe?
HBD holds a C- Safety Score grade (52/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Hive Backed Dollar uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with live reserve feed configured; 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.
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 Sep 7, 2026
HBD is Hive's algorithmic dollar, a protocol-native claim redeemable on-chain for $1 of HIVE through a witness-median conversion, with haircut rules when system debt exceeds thresholds. It targets $1 through HIVE conversion rules and witness-set savings parameters, not through cash or Treasury custody. That makes the collateral base reflexive to the value and governance of Hive itself, especially under haircut conditions. Pharos classifies HBD as crypto-backed and decentralized while flagging that the redemption...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: CoinGecko: Hive Dollar market data and Hive Backed Dollar overview
- 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.
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 Sep 7, 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
Is HBD safe?
HBD holds a C- Safety Score grade (52/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says Hive Backed Dollar uses a Decentralized (DeFi) governance model and Crypto-Collateralized backing, with live reserve feed configured; 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.
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: live reserve feed configured.
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.
