The Timeless Value of Gold
For nearly three millennia, gold has been a store of wealth and exchange of value across civilizations. Countries hold gold reserves as a guarantee to ensure promises, pay depositors, or secure fiat currency. Throughout history, even as other currencies have lost value or ceased to exist, gold has remained a safe asset in times of volatility and a hedge against inflation.
Since 1997, the average annual return on gold, in US dollar terms, has consistently outperformed the average returns on US Treasuries, Eurobonds, Japanese government bonds, and UK gilts over 10-year, 5-year and 1-year time horizons.
The Liquidity of Gold, the Agility of Advanced Technology
As a decentralized currency, gold is not subject to government manipulation. With universal acceptance and the ability to be easily exchanged at a low cost, gold is also prized for its “liquidity”. Its value easily transcends borders and regional tensions.
The same idea of liquidity is at the core of Coro’s technology.
Coro is pioneering an agile, advanced distributed-ledger technology (DLT) to bring you XAU, the first stablecoin backed by the timeless value of gold, powered by Hashgraph technology, and fully compliant in the US.
A Conductor and Connector
Gold is one of the natural world’s fastest conductors of electricity. Coro is inspired by gold’s conductivity to create a protocol that is even more powerful, while also being more efficient and environmentally-friendly, than blockchain-based units of exchange.
With a faster, more elegant technology – and propelled by the enduring value of gold – Coro is positioned to connect people and provide a choice of how, when, and where to securely exchange assets.