Glo Dollar is the anti-poverty dollar. As market cap goes up, extreme poverty goes down.

Glo Dollar (USDGLO) is a fiat-backed stablecoin pegged to the US Dollar, that recently launched on Polygon PoS–as tweeted by Polygon Labs. Like other stablecoins, Glo Dollar earns revenue from the Treasuries held in its reserve. Unlike other stablecoins, Glo Dollar’s sponsoring organization, the Glo Foundation, gives away all income it earns from the coin to GiveDirectly, a well-respected NGO that sends money to people in extreme poverty, no strings attached.

A $20 billion dollar stablecoin, which would make Glo Dollar the third largest, would lift one million people out of poverty.

Glo Dollar is issued by brale.xyz and is available on Uniswap on Polygon and other chains. As the leading chain working towards more equality for all humanity and a more sustainable planet, we believe the Polygon ecosystem is an amazing fit for Glo Dollar. We're excited to be building alongside the Polygon team to bring embedded philanthropy to all of Polygon's projects, and are honored to already be featured on https://polygon.technology/sustainability.

Centralized stablecoins are critical infrastructure, facilitating liquidity, trading, and financial ops for Polygon and the crypto ecosystem at large. Yet, 92% of centralized stables are managed by the companies behind USDC/T. Glo Dollar is a top contender with the potential to disrupt the stablecoin duopoly. We wrote about why stablecoin diversity is not optional.

Learn more about Glo Dollar: www.glodollar.org.