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Glo Dollar is a fiat-backed stablecoin that generates basic income for people in extreme poverty.
With Glo Dollar, you can help end extreme poverty just by holding a stablecoin. It's a new, donationless form of philanthropy.
That's right—you're funding basic incomes without having to give away money.
In some more detail:
1. You buy Glo Dollar (USDGLO)
- A stablecoin 100% backed by cash and US Treasuries
- Always redeemable 1:1 for US dollars
- Monthly reserve attestations
- Audited smart contracts
- Available on Ethereum, Polygon, and Celo.
2. The fiat backing Glo Dollar will be invested and earn revenue
For each Glo Dollar in circulation, there's at least $1 of cash and/or US Treasuries.
The US Treasuries earn interest, which becomes revenue. This is how most stablecoin companies make money.
3. We use our portion of the revenue to fund basic incomes
The revenue is split between us (the Glo Foundation) and our issuance partner.
The Glo Foundation will donate every dollar to GiveDirectly, an NGO that distributes basic incomes to people in extreme poverty.
The more money we earn → the more we donate → the fewer people live in extreme poverty.
We start earning revenue after reaching $2M in market cap. Before that milestone, 100% of revenue goes to our issuance partner, and Glo Dollar does not yet generate basic income.
4. You’re fighting extreme poverty without donating a penny
This is the magic of Glo Dollar. Simply by holding a stablecoin, you’ll set us up to help fund basic income programs that fight extreme poverty everyday.
See Vision and roadmap for more on how we plan to grow Glo Dollar’s market cap, and how much impact we expect to have at different market caps.
How to buy Glo Dollar
If you are a business or a DAO
Please share your details here. We’ll follow up with you within 24 hours with information about where to purchase and redeem Glo Dollar.
The venues from which you can purchase Glo Dollar is dependent on your jurisdiction so we’ll let you know what options are available to you.
If you are an individual
Developed by the Glo Foundation
The Glo Dollar is developed by us, the Glo Foundation. We're a Public Benefits Corporation that receives fiscal sponsorship through Global Impact. The Glo Foundation is generously funded by donors. This allows us to donate 100% of the revenue we earn from Glo Dollar's reserves to GiveDirectly.
See About Us for more information.
Issued by Brale
The Glo Foundation has selected Brale Inc. (NMLS ID #2376957) to serve as issuer of the Glo Dollar. As issuer, Brale is responsible for maintaining adequate liquidity to meet redemption obligations and has discretion over the allocation of the reserves. The assets backing the Glo Dollar are held as cash, cash equivalents and short term US government backed debt (e.g. US Treasuries).
To learn more about the partnership between Brale and the Glo Foundation, read the announcement.