Hive Backed Dollar (HBD) is only listed on two centralized exchanges Upbit and Bittrex recognized by the major cryptocurrency aggregators, both of them making it quite unpredictable using HBD on their platforms (especially depositing and withdrawing).

In the last 24h, each had a volume of a little over 1k USD and Upbit Indonesia had 1.6k USD.

Of course, we have pHBD on Polygon thanks to the PolyCUB team, which is in the realm of Decentralized Finance (DeFi), unlike the centralized exchanges. This also had a 1k volume in the last 24h, made on the pHBD-USDC liquidity pool.

But look at the volume within +/-2% range compared to the centralized exchanges above. 12k+ USD on SushiSwap compared to 1.7k USD the highest on Upbit and 0 on Bittrex.

We also have SWAP.HBD on Hive-Engine/TribalDex/LeoDex/BeeSwap.

And more importantly, we have the internal market where 19.5k USD in volume has been traded in the last 24h between HIVE and HBD.

That's much higher than 1k, what we have seen on exchanges.

And yet, that volume doesn't count for determining the price of HBD on aggregators.

The pHBD and SWAP.HBD prices don't count either, but at least they are derivatives, not the base asset.

Good News From the Last Hive Core Developers Meeting

Core devs meetings are not easy to follow, even if you have technical abilities. But still, for me, they are worth listening to. During the last such monthly call, at the end of it, @imvatsi mentioned he might take on the task to code the necessary API endpoints for coingecko that will practically make available to them information regarding Hive's internal market.

As I understand it - and from blocktrades reaction - I believe this should mean we will see a much more stable HBD on coingecko, if they start using these API endpoints once they are developed/updated.