Glo Dollar exists to make it easy for anyone to support impactful causes through everyday financial activity.
Today we are sharing an update to the structure behind Glo Dollar.
The foundation behind Glo Dollar is winding down, and Brale, the issuer of the Glo Dollar, will manage the program going forward. Brale has long supported the regulated infrastructure behind Glo Dollar, including treasury operations, reserve attestations, and compliance-related functions. This transition simplifies the program’s operating structure while maintaining continuity for holders and the mission.
Brale’s role as a neutral infrastructure partner for enterprises, ecosystems, and institutions continues.
The brand
Glo Dollar is not going away. It will continue as a distinct, mission-driven stablecoin program, supported by Brale’s regulated infrastructure.
The holder experience
Nothing about how holders use Glo Dollar should change as a result of this structural transition.
Reserves and transparency
Glo Dollar reserves will continue to be managed in accordance with the program’s existing backing and reserve framework.
Why we are making this change
As the foundation structure sunsets, Glo Dollar needs a durable, regulated operating home to support continuity. This transition is about giving Glo Dollar a simpler operating structure while preserving the mission, transparency, and backing that holders expect.
This could be the info box
In this program, GiveDirectly identifies impoverished African villages to give their citizens $30 per month, transferred via mobile money technology, for 3-5 years. For people living on less than $2/day this is a transformational amount.
Glo's economic model is to invest its reserve in short-term Treasury bills and give the proceeds away entirely to GiveDirectly.
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Glo Dollar exists to make it easy for anyone to support impactful causes through everyday financial activity.
Today we are sharing an update to the structure behind Glo Dollar.
The foundation behind Glo Dollar is winding down, and Brale, the issuer of the Glo Dollar, will manage the program going forward. Brale has long supported the regulated infrastructure behind Glo Dollar, including treasury operations, reserve attestations, and compliance-related functions. This transition simplifies the program’s operating structure while maintaining continuity for holders and the mission.
Brale’s role as a neutral infrastructure partner for enterprises, ecosystems, and institutions continues.
The brand
Glo Dollar is not going away. It will continue as a distinct, mission-driven stablecoin program, supported by Brale’s regulated infrastructure.
The holder experience
Nothing about how holders use Glo Dollar should change as a result of this structural transition.
Reserves and transparency
Glo Dollar reserves will continue to be managed in accordance with the program’s existing backing and reserve framework.
Why we are making this change
As the foundation structure sunsets, Glo Dollar needs a durable, regulated operating home to support continuity. This transition is about giving Glo Dollar a simpler operating structure while preserving the mission, transparency, and backing that holders expect.