Hive Backed Dollar (HBD) is a native stablecoin on the Hive blockchain. HBD is built to hold $1USD value in the most decentralized ways. It benefits from the fee-less and fast transactions of the Hive blockchain. There are two decentralized conversion operations designed to achieve the $1 peg. HIVE token (the original native token of Hive Network) to HBD conversion and HBD to HIVE conversion.