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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\nZero-cost philanthropy. \ud83e\ude84\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](https://brale.xyz/stablecoins/USDGLO).\n\nGlo Dollar is available on 7 chains: Ethereum, Polygon, Optimism, Arbitrum, Celo, Stellar, and Base.\n\nWe've received a [Bluechip](https://bluechip.org/) 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's USDT, FDUSD, and FRAX.\n\nGlo Dollar is developed by the Glo Foundation and is issued by [Brale](https://brale.xyz/stablecoins/USDGLO).\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/qXnVlKN.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 ~$170 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](https://app.glodollar.org). Users can select between different kinds of public goods and charities:\n\n-   Web3 public goods\n-   Fighting extreme poverty\n-   Combating climate change\n\nSee [the complete list of Cause Areas and Funding Recipients](https://www.glodollar.org/articles/fund-what-matters-to-you). We're adding more Cause Areas [on a rolling basis](https://www.glodollar.org/articles/causes-selection-criteria).\n\n### The Glo Foundation: our team\nWe're a Public Benefit Corporation that receives fiscal sponsorship from Global Impact---who accept and process donations on our behalf.\n\nOur mission: to unlock new sources of funding for public goods and charity.\n\nWe're led by an experienced team with backgrounds in tech, academia, and crypto:\n\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-   [Lana](https://www.linkedin.com/in/lanadingwall/) (Partnerships), also involved with CharmVerse, Octant, Unlock Inc, and GreenPill\n-   [Christine](https://www.linkedin.com/in/christineto3/) (Business Development), previously at the Stellar Development Foundation and Anchorage Digital\n-   [Bram](https://www.linkedin.com/in/bramvoets/) (Growth), previously at Google, Plan A\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 cause areas](https://www.glodollar.org/articles/fund-what-matters-to-you)\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"}}