What is the most stable currency in the world?

What is the most stable currency in the world?

Throughout history, no currency has consistently maintained its value like gold. Over the years, using gold in trade allowed for efficiency in economy, and for increased flexibility within transactions. Traditionally within the barter system, it was necessary for two parties to simultaneously have items the other valued and wished to trade. This situation was less than ideal, with no trade occurring if either party had no desire for what the other held. Gold became the item that each party acknowledged as valuable and which could be easily traded.

Available in only a finite amounts, the value of this precious metal has held strong throughout the ages, supported by the principles of supply and demand. However, this same relationship can not be said of traditional fiat currencies. Thousands of these currencies have existed throughout history and thousands have failed to stand the test of time. Within a relatively short time most have returned to their intrinsic value of zero, at which point they vanished or were simply replaced by another currency.

“The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound value was originally defined as 12 ounces of silver, so it’s worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value.” [a]

It gets worse though, since 1971…

… The US dollar has lost 97% of its purchasing power against Gold

… The Swiss Franc has lost 87%

… The Japanese Yen has lost 91%

… And the Euro has lost 94% [b]

As durable and stable as gold has proven to be, there are issues that still remain if it were to be put to the test as a common global currency. As one of the densest of metals, the task of moving large quantities over long distances would prove difficult and would render trade and commerce extremely inconvenient. Furthermore,there is not enough gold available in the world to support a global currency and a high percentage is currently in vaults and largely inaccessible.

TREOS has created a stable token anchored to gold, that is a currency available worldwide, not tied to a central party and has low volatility; effectively bridging the gap between these two ideals. The price of TRO will always be the same as the price of one gram of gold. Using an algorithm that constantly maintains this stability, TRO is the perfect instrument to fuel our expanding marketplace. For both buyers and sellers the price volatility of practically all cryptocurrencies will no longer be a detriment to real world use and adoption. As a use case example, when our vendors list items for sale they can rest assured that their value doesn’t drop 10 or even 20 percent before the item has even sold.

By using the TRO token for fuel, TREOS is setting the standard for the mainstream adoption of cryptocurrency. The greatest concern that people have faced up until now has been the impracticality of spending or receiving payment with financial assets that lack both utility and price stability. Anchoring our origin token to the most stable form of money the world has ever known allows us to position ourselves to create the next evolution of economy, one built for and by the people.

[a] https://srsroccoreport.com/must-see-chart-death-of-paper-money-vs-gold/

[b] Research by Gold Telegraph http://www.goldtelegraph.com/