Let's talk numbers. How many people can Glo Dollar lift out of poverty?

There is virtually no limit to how many people Glo Dollar can help. It depends only on adoption. If we come together with enough people and businesses, we should be able to generate enough money to eradicate extreme poverty around the world.

But Glo Dollar changes lives at smaller levels of adoption, too—planetary scale is not required. To get a sense of what's achievable, here are some scenarios at various levels of success.

Every $20,000 of Glo generates $480 per year, lifting one person out of extreme poverty.

This is not true today, but it's what we expect once Glo Dollar adoption reaches sufficient scale.

Here's what that would mean in practice:

The average US citizen has $41,600 in savings (source). Converted to Glo, this would lift 2 people out of poverty.

The entire stablecoin market is about $130 billion. Converted to Glo, this would lift 6.5 million people out of poverty.

Apple holds $55.9 billion in cash and cash equivalents (source). If they'd convert it all to Glo, this would lift 2.8 million people out of poverty.

5% of all US savings deposits amounts to $531.5 billion (source). Converted to Glo, this would lift 26.6 million people out of poverty.

What would it take to completely eradicate extreme poverty?

This is a rough estimate, but:

• 700 million people live in extreme poverty
• Multiplied by $20,000, we'd need Glo Dollar to be a $14 trillion stablecoin to give them all a basic income
• The total amount of money in the world is $138 trillion [source 1, source 2], so that's 10.14% of all money

We'll round that number and say that...

To end extreme poverty, Glo would need to replace 10% of all the money in the world.

This is, of course, highly theoretical. For starters, not all 700 million people live in places where one could reliably distribute basic incomes, or where there is sufficient political and economic stability for cash transfers to be sufficient in living people out of extreme poverty.

Still, with sufficient adoption, Glo Dollar could very realistically lift tens of millions of people out of extreme poverty.