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How Our Stablecoin Works

Using Coro

Unique to Coro is its ability to send and receive gold (XAU) and U.S. dollars (USD) between users. Coro also provides the ability to freely convert between the two currencies similar to the way that one might exchange U.S. dollars (USD) for Euros (EUR). Gold is recognized by the International Organization for Standardization as a currency with the designated code XAU where 1 XAU is equal to 1 troy ounce of gold. Use Coro to:
  • Make peer-to-peer payments
  • Store your holdings in gold, safe from volatility
  • Easily redeem your holdings in USD or physical gold
  • Pay for goods and services with the highly secure debit card linked to your Coro account
 

Why Coro?

 

100% Asset Backed

Each user's Coro Gold balance is 100% backed by physical gold stored at the Royal Canadian Mint and audited quarterly.
 

Tied to Price of Gold

The value of each user's holdings in Gold is derived from the real market value of the physical gold that secures it and is not subject to volatility
 

Fully Redeemable

Account holders are able to redeem their account balance for physical gold or fiat currency at any time
 

Fully Compliant

The Coro platform operates in full compliance with all U.S. and global regulations.
 

Built on the fastest technology

Coro is built on the world’s most advanced, scalable and secure Hashgraph distributed ledger technology, which is more than 1000 times faster than Blockchain.
 

Highly Secure

By using the highest standards of identity verification Coro protects its users from fraudulent activities and keeps their accounts safe.

Pricing

STORAGE
0.5% annualized (1/12 of 0.5% is charged on the first day of each month)
PEER-TO-PEER TRANSFERS
1% of transfer amount
PURCHASE XAU
0.5% of purchase price
CONVERT XAU TO PHYSICAL GOLD
0.5% of conversion amount + $25 shipping and handling
CONVERT XAU TO USD
0.5% of conversion amount

Join Coro early and use it for free for the first 90 days after launch.