HBD impacted by the UST selloff! Breathe in, breathe out

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Hi HODLers,

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Yesterday I wrote an article "UST PEG under pressure" highlighting the $UST PEG being under pressure due to a confluence of events.

Today, let's be honest: This has been a shit show!

UST Price Chart

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$LUNA is being sold off to hold PEG

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If you want the current update and some theories on who might be behind the UST attack, please take some time to read my friend @mistakili's article Thoughts on Do Kwon deploying more capital to prop up UST 🧐.

I am not going to paraphrase it and as pressure is mounting on stablecoins and especially decentralized ones, I was thinking about our beautiful HBD!

The PEG has also been hit but we touched $0.90-$0.91 at the lowest point. We have since bounced back to $0.96+!

HBD Price Chart

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Below are CEXs where you can get $HBD and try to aribtrage it:
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The DHF is probably helping out with Buys understanding that there might be some additional pressure on PEG due to the UST issue.

Stay safe out there,

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11 comments
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(Edited)

Dai seems stable :)

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It is! I have seen people speculating that what is going on is a war between UST and DAI.

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Woh! I had noticed what happened at UST, but I hadn't seen HBD drop as low as $ 0.9 as well. Thanks for the great information.

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Thanks for the mention mrvlemon. Bittrex is a very problematic exchange especially with HBD and you have to understand Korean and do some cray kyc to use upbit. Best go to places are Polycub and internal exchange

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Yup I agree but these exchanges are the ones used to quote HBD on CoinGecko or CoinMarketCap… unfortunately…

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The peg is holding on the Internal Exchange. Keep in mind the feed on Coingecko doesnt look at that.

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Agreed. We need to put the PolyCub as one of the datafeed out there on CMC and CoinGecko. It has even higher volume and liquidity!

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