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Our approach is different\u2014we funnel all our profits to public goods and charities.\n\nHolding Glo Dollars creates a virtuous cycle to grow ecosystems, instead of extracting yield for gains. By choosing Glo Dollar, you\u2019re funding public goods. At no cost.\n\n![Glo Dollar can generate $7.4B in public goods funding](https://i.imgur.com/X7fIIof.png)\n\nGlo 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 just 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 Tether\u2019s USDT, FDUSD, and FRAX.\n\nGlo Dollar is developed by the Glo Foundation and is issued by Brale.\n\n### How it works\n\nWhat happens when you buy Glo Dollars:\n\n1. The fiat backing Glo Dollar is invested and earns revenue (similar to other stablecoins).\n2. We donate 100% of our profits on these investments to public goods and charities.\n3. You\u2019re funding public goods at zero cost.\n\n![How Glo Dollar works](https://i.imgur.com/X7fIIof.png)\n\nWe call this **Automatic Public Goods Funding** (AutoPGF), because it is:\n\n- Simple: just hold a stablecoin\n- Zero-cost: holding a stablecoin is free\n- Embeddable: in treasuries, payroll, card transactions, \u2026\n\n### We\u2019re building the world\u2019s largest philanthropic funding mechanism\n\nThe current stablecoin market is ~$150 billion, enough to generate over $7 billion in public goods funding each year. \n\nBut there\u2019s no reason to stop here. We\u2019re making Glo Dollars as accessible as the US Dollar. Everywhere consumers and companies use money, they can use Glo Dollar instead.\n\n![Glo Dollar can grow to replace the US Dollar](https://i.imgur.com/kgyDAcX.png)\n\n### The public goods and charities we fund\n\nChoosing the causes to support is simple and can be done from our dApp. Right now, users can select 3 cause areas:\n\n- Web3 public goods\n- Fighting extreme poverty\n- Combating climate change\n\nWe\u2019ll add more causes on a rolling basis.\n\n### We\u2019re shipping 3 big things in the upcoming months to onboard the next billion users\n\n1. Glo Dollar credit cards, in collaboration with Rain. Glo Dollar credit cards will help us make Glo Dollar accessible for mainstream real-world usage. Users can replace their fiat backing with Glo Dollars and spend Glo Dollars anywhere Visa is accepted.\n2. Centralized exchange listings. We\u2019ll be pitching to CEXs such as Coinbase and Kraken.\n3. Glo Dollar ubiquity through Glo payroll, Glo credit, Glo on/offramps, \u2026\n\n![Glo Dollar Credit Cards are coming](https://i.imgur.com/p1WuFgl.png)\n\n### The Glo Foundation: our team\nWe\u2019re a Public Benefit Corporation that receives fiscal sponsorship from Global Impact\u2014who accept and process donations on our behalf.\n\nOur mission: to unlock new sources of funding for public goods and charity.\n\nWe\u2019re led by an experienced team with backgrounds in tech, academia, and crypto:\n- [Jasper](https://twitter.com/jasdrie) (Co-founder & CEO), previously at Secfi, founded ASIF Ventures\n- [Garm](https://twitter.com/garmrdotcom) (Co-founder & CTO), previously at Secfi, holds a PhD in Product Management from the University of Utrecht\n- [Marcia](https://www.linkedin.com/in/mblacken/) (Head of Ops), previously at Anchorage Digital, Secfi, Bank of America\n- [Lisa](https://www.linkedin.com/in/lisa-logerfo-a2668547/) (Legal Counsel), previously at Circle, Salary Finance\n- [Bram](https://www.linkedin.com/in/bramvoets/) (Head of Growth), previously at Google, Plan A\n- [Deborah](https://www.linkedin.com/in/deborahlightfoot/) (Head of Finance), previously at Breeze Labs, founded Foodline.com\n\n**Relevant links**\n[Our website: glodollar.org](https://www.glodollar.org)\n[Glo Dollar 2.0 announcement thread on X](https://x.com/glodollar/status/1775151425863213430)\n[Glo Dollar Bluechip rating](https://www.glodollar.org/articles/bluechip-rating)\n[Glo Dollar X account](https://twitter.com/glodollar)\n[Glo Dollar Farcaster account](https://warpcast.com/glodollar)\n[Glo Dollar Discord](https://discord.gg/tMkFWHUQn7)\n", "lastUpdated": 0, "projectGithub": "Glo-Foundation", "projectTwitter": "glodollar"}, "recipient": "0x1b8E025BAC207e4ED55442Dc75578050D00a10bf"}}