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HBD Meets All of Bruce Fenton’s Criteria And It’s Already Here

Bruce Fenton recently asked on X if it's too much to want a stablecoin that is decentralized, censorship-resistant, unregulated, not tied to fiat, and requires no KYC. Well, Bruce it’s not too much to ask. It already exists. It’s called HBD.

In an age where traditional financial systems demand increasing control identification, regulation, and central oversight many are asking the same question Bruce Fenton posed: Is it too much to want a truly decentralized stablecoin?

source: AI generate

The Hive Backed Dollar (HBD) is the answer and in this article, we’ll walk you through:

• Why HBD meets all of Bruce’s standards

• How vendors can accept HBD

• Real case studies of vendors using it

• How to register and promote your HBD-ready business

• A growing cashback movement rewarding users for choosing HBD

source: AI generate

Why HBD Is the Stablecoin We’ve Been Waiting For

Let’s break down Bruce Fenton’s four major criteria and how HBD fulfills every single one.

1. Not Tied to Fiat
   Unlike USDT or USDC, HBD is algorithmically stabilized and not backed by fiat in a bank account. It’s pegged to the U.S. dollar by blockchain code, not custodians.

   HBD is pegged to $1 but not held in banks it’s stabilized through conversions with the HIVE token and governed by the Decentralized Hive Fund, @mikealson

2. Censorship-Resistant & Cannot Be Frozen
   HBD exists entirely on the Hive blockchain an open, decentralized system. Hive wallets are non-custodial, meaning only you control your keys. No entity can freeze your assets.

   Hive accounts can’t be frozen. There is no admin, company or central party. It’s as unstoppable as it gets. @luchyl

3. No KYC / AML Required
   Creating a Hive wallet is fast and anonymous no ID check required. Using apps like Ecency, PeakD, or Hive Keychain, anyone in any country can own and send HBD peer-to-peer. You don't need a bank. You don't need permission. You only need a Hive account.

4. Fully Decentralized, No Intermediaries HBD is governed by Delegated Proof-of-Stake (DPoS). This means decisions are made by elected witnesses not corporations. The system is community-run, not VC-owned.

How HBD Works

• Backed by Hive (HIVE token), the native currency of the blockchain.

• Conversion mechanism: You can convert HBD to HIVE and vice versa, stabilizing the peg.

• Decentralized Hive Fund (DHF): Acts as a smart treasury.

• Interest-bearing: Stakeholders can vote on the APR currently 10–20%.

How to Register Your Business to Accept HBD

• Create a Hive Account: Use Ecency, PeakD, or Hive Keychain.

• List Your Business: Create a post announcing your business and tag #HBD and #HBDmerchant.

• Accept Payments: Share your Hive username or use QR wallet tools like Ecency or HivePay.

• Announce & Promote: Share on Hive and tag vendor communities.

Vendor Communities to Promote Your HBD-Ready Business

• @hivebusinesshub

• @leofinance

• @ocd

• @build-it

• @hivecommerce

• @hivelist

• Discord: Hive Africa, Ecency, LeoFinance servers

You can also post in community tags:

• #HBD, #HivePay, #Hivelist, #SmallBusiness, #AfricaOnHive

source: MEXC!

Vendors Already Accepting HBD

We’ve already processed orders paid in HBD and delivered to customers via riders in Akwa Ibom. @luchyl

@thedistriator : Offers small loans to Hive-born Nigerian businesses using HBD blog

Cashback for Paying in HBD?

Get 10% cashback for paying with HBD we want to encourage on-chain transactions over traditional payments. @mikealson in his incentive post

This growing trend incentivizes buying local, supporting Hive vendors, and keeping value on-chain.

Where Are HBD Vendors Located?

HBD usage is spreading globally but the most prominent early adopters are in:

• Nigeria (Shoe, Grocery store, phone accessories)

• Ghana (freelancers, merchants)

• Venezuela & Cuba (online workers)

• USA & Europe (digital services)

We need more vendors worldwide your business could be next!

What More Can Be Explored? To stay ahead and stand out in this movement, you can:

• Start a Hive vendor directory

• Launch a HivePay plug-in or API for e-commerce

• Encourage bulk discounts or loyalty points in HBD

• Interview Hive users building real-world HBD use cases

• Track monthly HBD merchant volume

HBD is not a theory it’s working now. Peer-to-peer. On-chain. No middlemen. No permission needed. It meets every criteria Bruce Fenton described, and it's already being used by vendors across the world.

If you're a business owner, freelancer, or community leader it's time to get onboard. The decentralized payment revolution is not coming.

It’s already here. It’s called HBD.