Glo Dollar

Glo Dollar (USDGLO) is the first regulated USD stablecoin that offers zero-cost philanthropy to its users and donates 100% of its profits to charities and Web 3 public goods initiatives. 

Similar to USDC, Glo Dollar is US issued & regulated and 100% fiat backed by a mix of cash and US treasuries. The big difference with USDC is that Glo Dollar is structured as a non-profit, which allows us to donate all of the profits we make on the US treasuries backing Glo Dollar to public goods and charities. 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).

The funding potential of doing this is massive. Stablecoin companies generate $7.4 billion annually from their stablecoin reserves. By choosing to embrace Glo Dollar, we can funnel all of those profits back into causes you and your customers care about. Read how this works.

Reach out to christine@glodollar.org to explore how we can enable growth and user engagement on your platform/dapp.