Glo Dollar is US regulated and 1:1 backed by a reserve of cash and US Treasuries. When the Glo Foundation receives revenue from the reserve, we donate it to GiveDirectly’s basic income programs that lift people out of extreme poverty.
When you swap from USD to Glo Dollars you help fund basic income programs for people in extreme poverty. You’re “donating without donating".
Eventually, we aim to lift one person out of extreme poverty for every $20,000 of Glo Dollar market cap. With enough adoption, we'll be able to help millions of people escape extreme poverty.
Help us build traction, so we can reach the impact phase.
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As with other stablecoins, the reserves backing Glo Dollar will earn interest at sufficient scale.
The difference; we aim to give our portion of that interest away to reduce extreme poverty.
Including funders, foundations, protocols, OTC desks, and market makers.
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