Glo Dollar is currently in Bootstrap Phase, with low impact. Glo's per-dollar impact is low at first. As adoption grows, it ramps up. More info here.

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What is Glo Foundation’s vision?‍

Zero extreme poverty. Our goal is to provide a basic income to all 700 million people in extreme poverty.

What is Glo Dollar?

Glo Dollar is the antipoverty dollar. When you buy Glo Dollar, a stablecoin, you are building support for basic income programs for people in extreme poverty. Glo Dollar is developed by the Glo Foundation, a mission-driven organization focused on ending extreme poverty. We donate our portion of the revenue derived from Glo Dollar’s backing assets to basic income programs for people in extreme poverty.‍

Why Glo Dollar?

Glo Dollar is a new form of philanthropy that lets you help to lift people out of extreme poverty without having to donate money. Given enough adoption, we can lift millions of people out of extreme poverty.

Here we share 9 reasons to be excited about Glo.

How does Glo Dollar work?

This article best describes how Glo Dollar works.

In short:

• You buy Glo Dollar, a stablecoin.
• The fiat backing Glo Dollar will be invested and earn revenue.
• For every $1 of Glo Dollar in circulation, there is at least $1 of backing reserve assets. Those reserve assets are conservatively held in a mix of cash and US Treasuries to ensure ample liquidity.
• We use our portion of the revenue to fund basic incomes.
• Brale initially retains 100% of the earnings for the first $2M of Glo Dollar market cap, to keep our operating costs low while we build early demand. As market cap grows, the Glo Foundation will receive an increasing share of these earnings, enabling us to grow together.
• You’re fighting extreme poverty without donating a penny.
• At first, Glo Dollar impact will be low, and as adoption grows, it ramps up. Read more about our bootstrapping and high impact phase here.

Our organization: Glo Foundation

How is Glo Foundation incorporated?

Glo Foundation is incorporated as The Glo Development Foundation, Inc. We’re a Public Benefit Corporation incorporated in Delaware, USA (search “Glo Development Foundation”).

We are working towards 501(c)3 status. In the meantime, Glo Foundation receives fiscal sponsorship from Global Impact. Read more about the partnership here.

Is Glo Foundation a nonprofit?

No. However, we’re in the process of organizing to apply for 501(c)3 status. In the meantime, the Glo Foundation has a fiscal sponsorship grant agreement with Global Impact, which allows us to raise tax-exempt funds in the meantime.

What's the difference between Glo, Glo Foundation and Glo Dollar?

Glo is a brand, and it's shorthand for the whole project. The Glo Foundation (full legal name: Glo Development Foundation, Inc.) is an organization with a mission to create basic income for people in extreme poverty. The Glo Dollar is the first product of the Glo Foundation, a stablecoin that will create basic income for people in extreme poverty.

How can I contact the Glo Foundation?

You can reach us at hello@glodollar.org. You can also reach out on X or Discord.

How can I calculate the potential impact of my Glo Dollar holdings?

We have developed the impact calculator (on our homepage) to help you understand the potential impact of your Glo Dollar holdings.

Please note that it provides a range. During Bootstrap phase we’re at the low end of the range and during High Impact stage we move towards the high end of the range–read more about the different phases here.

Why is the Glo Foundation using crypto, instead of doing the same without crypto (e.g. start a money market fund)?

Our vision is for Glo Dollar to be used as a means of exchange. Shares in a money market fund don’t have much utility. You can’t use it for purchases and would have to make a conscious decision to have your money tied up. We would like to see people and businesses adopt Glo Dollar as their primary currency, meaning multiple purchases per day would be made with Glo Dollar–while all that money contributes towards our mission of ending extreme poverty.

Further, we recognize that within cryptocurrency — and more specifically, within the stablecoin market — there exists great wealth. If we can encourage even a fraction of users already holding stablecoins to swap their current stablecoin for USDGLO, we can tap into a powerful source of funding for GiveDirectly.

A stablecoin was also a relatively frictionless way to begin embedding philanthropy into the broader economy.

How can I learn more?

The best place to stay updated on Glo Dollar developments is X. Other ways to learn more:

• Our website
• LinkedIn
• Discord
• Podcasts and other media appearances. Although our vision hasn’t changed, we constantly strive to improve our product and work with the best partners available so it’s possible some of the historical podcasts are no longer describing our current product, launch plans, or operations

Product: Glo Dollar

Is Glo Dollar a cryptocurrency?

Yes, Glo Dollar is a cryptocurrency, and more specifically a fiat-backed stablecoin.

What kind of stablecoin is Glo Dollar?

Glo Dollar is a fiat-backed stablecoin. That means that for every dollar of Glo Dollar in circulation, there will be at least one dollar of cash or cash equivalents (re: US Treasuries) held in the reserves backing Glo Dollar.

Where can I buy Glo Dollar?

👤 If you are an individual:

Glo Dollar is available on Uniswap under ticker USDGLO–see more information here. On Uniswap, Glo Dollar is available on:

• Ethereum
• Polygon
• Celo

🌍 If you are a business based outside of the US:

Please share your details here. We’ll follow up with you within 24 hours with information about where to purchase and redeem Glo Dollar.

🇺🇸 If you are a US business:

If you are a business with headquarters in one of the following US states you may create an account with the issuer at https://brale.xyz/stablecoins/USDGLO.

• Alabama, Alaska, Arizona, Arkansas, California, Colorado, District of Columbia, Georgia, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, West Virginia, Wisconsin, Wyoming.

If you are a business located outside the US or in states not listed above you may onboard to an OTC desk to purchase and sell Glo Dollar. Please fill out this form to receive more information.

⛓️ If you are a DAO:

Glo Dollar is available on Uniswap under ticker USDGLO–see more information here. On Uniswap, Glo Dollar is available on:

• Ethereum
• Polygon
• Celo

For any questions about availability, please reach out to hello@glodollar.org.

What is Glo Dollar’s ticker symbol?

Our ticker symbol is USDGLO.

What blockchains does Glo Dollar run on?

Ethereum, Polygon, Celo, Base, and Optimism.

What are Glo Dollar’s smart contract addresses?

• Our smart contract address on Ethereum is 0x4f604735c1cf31399c6e711d5962b2b3e0225ad3. View here on Etherscan.
• Our smart contract address on Polygon is 0x4f604735c1cf31399c6e711d5962b2b3e0225ad3. View here on Polygonscan.
• Our smart contract address on Celo is 0x4f604735c1cf31399c6e711d5962b2b3e0225ad3. View here on Celoscan.

‍How is Glo Dollar issued?

Glo Dollar is issued by Brale, a FinTech company.

Brale is responsible for the financial and compliance operations of Glo Dollar as prescribed by the regulating authorities. They’re responsible for maintaining adequate liquidity to meet redemption obligations and therefore have discretion over the allocation between cash and investments.

How much money in Glo Dollar will lift one person out of extreme poverty?

Once we reach critical mass, which we’re calling ‘High Impact phase,’ we think we’ll be able to lift one person out of extreme poverty for every $20,000 held in Glo Dollar. You can read more about these calculations here. Read more about the Bootstrap and High Impact phase here.

What are Glo Dollar’s gas costs?

That depends on many factors, but in general, we expect Glo Dollar gas fees on Ethereum to be 10-20% cheaper than other leading stablecoins. See here a detailed explanation.

What is the environmental impact of Glo Dollar?

Glo Dollar is a 100% fiat-backed stablecoin, launched on Ethereum, Polygon, Celo, Base, and Optimism. Ethereum recently completed a transition from a proof-of-work to a proof-of-stake consensus mechanism, which reduces 99.95% of its energy expenditures. Polygon has committed to go carbon negative. Read more about Glo's sustainability policies.

How will Glo Dollar scale enough to reach mass adoption?

We're generally optimistic about our ability to scale for a few reasons, including:

• stablecoins are increasingly being used to solve real-world problems;
• we're creating a product that's strong enough on its own to get widely adopted, not just by altruists; and
• with enough early momentum, the philanthropic value prop will be compelling enough to inspire new folks to onboard to crypto.

Read our vision and growth strategy here.

What is Brale?

Brale is a financial technology platform that enables the issuance and redemption of new digital assets on existing blockchains. Brale is Glo Dollar’s issuer–read our partnership announcement here.

Brale is responsible for the financial and compliance operations of Glo Dollar as prescribed by the regulating authorities. They’re responsible for maintaining adequate liquidity to meet redemption obligations and therefore have discretion over the allocation between cash and investments.

Why did we choose to work with Brale to issue the Glo Dollar?

The short answer: to get to market fast. In the US, you can’t “just launch” a stablecoin—it’s subject to regulations. To create a stablecoin, there are two routes:

• Issue the stablecoin yourself. This requires getting the necessary licenses and exemptions on a state-by-state basis.
• Work with a partner that issues the stablecoin—one that already has the necessary licenses and exemptions.

Route #1 can take years and cost millions of dollars. The earlier we can get Glo Dollar out in the world, the earlier we can grow adoption and start lifting people out of extreme poverty. That’s why we chose route #2.