Dubai, The United Arab Emirates – May 17th, 2022 – RoRa Holdings, the group of pioneers behind a suite of next-gen stablecoins assets, has proudly reaffirmed its commitment to delivering sustainable crypto assets. As the market recently witnessed a catastrophic downfall of the algorithmic stablecoin TerraUSD, investor trust is hovering at historic lows. This development continues to underscore the importance of a balanced approach involving the backing of historically-proven assets and algorithmic adjustments based on real-world, real-time data.
The Demise of Algorithmic Stablecoins
The cryptocurrency market witnessed a monumental bloodbath last week that saw every asset shed a drastic amount of value. Bitcoin and ether, the two leading coins that are considered the “blue chips” of the crypto world, retraced back to pricing originally seen in December 2020. The fate of secondary assets dubbed the “altcoins” followed suit, with many losing upwards of 75% of their total value from historic highs.
In the midst of all that chaos, the vulnerability of algorithmic stablecoins has been exposed like never before. TerraUSD (UST), the most promising USD-pegged stablecoin to emerge out of the latest bull run, witnessed a record-shattering crash. Losing its promised peg of $1 USD, this stablecoin is trading at $0.12 as of this writing, which is almost a tenfold drop from where it’s supposed to be.
TerraUSD was hailed as the next major leap in the realm of stablecoins, as it derived value not from a reserve of tangible assets but rather from an algorithm that leveraged “game theory mechanisms” to keep the value pegged at $1 USD on average.
While this crash has utterly shaken up investor confidence and left a glaring question mark on the viability of algorithmic stablecoins, RoRa Holdings strongly believes that algorithmic adjustments can still serve their purpose—but only in a multi-faceted approach.
The Multi-Faceted Approach of RoRa Holdings
RoRa Holdings is leveraging a multi-faceted, revolutionary approach to deliver a set of proprietary asset backed coins designed to sustain their value and withstand the tests of time. This is made possible by maintaining reserves of historical assets with a proven track record of sustainability, including oil, gold, and precious stones.
However, RoRa Holdings’s research and development (R&D) team has discovered that these assets alone cannot hedge against inflation and volatility. This discovery led to the incorporation of algorithmic mechanisms that leverage the proprietary Monetary Measurement Unit (MMU), which is an investment index that reflects the most accurate and real-time status of global economic growth.
By maintaining reserves of tangible, proven assets and combining them with data-driven algorithmic adjustments, RoRa coins are uniquely positioned to deliver unprecedented levels of long-term sustainability. The team believes that this innovative approach will be the next big chapter in the world of decentralized finance and even finance in general.
About RoRa Holdings
RoRa Holdings is a collection of disruptors who have embraced blockchain technology in order to identify and eliminate the existing inefficiencies and outdated processes that have plagued previous models. The firm was founded by bankers, cryptocurrency specialists, Fintech consultants, and other alternative investment experts. RoRa Corp is paving the way for digital monetization, allowing asset holders and financial institutions to buy and profit from stable coins and gold coins for their assets. Their objective is to provide 1 million investors and high-quality asset holders the opportunity to benefit from the economic prosperity that a blockchain future promises.
Company Name: RoRa Corp
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