Fund public goods by hodling a stablecoin
Glo Dollar (USDGLO) is the stablecoin that funds public goods. đâď¸
Stablecoin companies generate $7.4 billion annually from their stablecoin reserves. Our approach is differentâwe funnel all our profits to public goods and charities.
Holding Glo Dollars creates a virtuous cycle to grow ecosystems, instead of extracting yield for gains. By choosing Glo Dollar, youâre funding public goods. At no cost.
Zero-cost philanthropy. đŞ
Glo Dollar is 100% fiat-backed, always redeemable 1:1 for USD and USDC, issued and regulated in the United States, and receives monthly independent attestations.
Glo Dollar is available on 7 chains: Ethereum, Polygon, Optimism, Arbitrum, Celo, Stellar, and Base.
We've received a Bluechip rating, placing us among the top 10 fiat-pegged stablecoins with an initial B grade. This positions us as a safer option compared to Tetherâs USDT, FDUSD, and FRAX.
Glo Dollar is developed by the Glo Foundation and is issued by Brale.
How it works
What happens when you buy Glo Dollars:
- The fiat backing Glo Dollar is invested and earns revenue (similar to other stablecoins).
- We donate 100% of our profits on these investments to public goods and charities.
- Youâre funding public goods at zero cost.
We call this Automatic Public Goods Funding (AutoPGF), because it is:
- Simple: just hold a stablecoin
- Zero-cost: holding a stablecoin is free
- Embeddable: in treasuries, payroll, card transactions, ⌠Weâre building the worldâs largest philanthropic funding mechanism
The current stablecoin market is ~$171 billion, enough to generate over $7 billion in public goods funding each year.
But thereâs no reason to stop here. Weâre making Glo Dollars as accessible as the US Dollar. Everywhere consumers and companies use money, they can use Glo Dollar instead.
The public goods and charities we fund
Choosing the causes to support is simple and can be done from our dApp. Users can select between different kinds of public goods and charities:
- Web3 public goods
- Fighting extreme poverty
- Combating climate change
See the complete list of Cause Areas and Funding Recipients. Weâre adding more Cause Areas on a rolling basis.
The Glo Foundation: our team
Weâre a Public Benefit Corporation that receives fiscal sponsorship from Global Impactâwho accept and process donations on our behalf.
Our mission: to unlock new sources of funding for public goods and charity.
Weâre led by an experienced team with backgrounds in tech, academia, and crypto:
- Jasper (Co-founder & CEO), previously at Secfi, founded ASIF Ventures
- Garm (Co-founder & CTO), previously at Secfi, holds a PhD in Product Management from the University of Utrecht
- Lana (Partnerships), also involved with CharmVerse, Octant, Unlock Inc, and GreenPill
- Christine (Business Development), previously at the Stellar Development Foundation and Anchorage Digital
- Bram (Growth), previously at Google, Plan A
Relevant links
Glo Dollar History
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accepted into Octant Community Round 1 1 week ago.