Garm Lucassen

Glo Dollar (USDGLO) is the stablecoin that funds public goods. 🌈☀️Stablecoin companies generate up to $7.4 billion annually from their stablecoin reserves. Our approach is different—we 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, you’re funding public goods. At no cost.<img src="https://lh7-us.googleusercontent.com/4cW_KbVCo-YA8J40SaGf1pl4qx3a2heYRNgRvL5ujGIu3Gv5UxsW3kvUZ_cLYhZT1BJDcGlnKblapAtOKmCLjDW1q_2p_9_vHJ9PzwkBm9utaaIijphpcA6EiPXhwcosjJMlgCtJGba3xzs48WY3kfc"> Glo Dollar is 100% fiat-backed, always redeemable 1:1 for USD and USDC, issued and regulated in the United States, and receives <a href="https://brale.xyz/stablecoins/USDGLO" rel="noopener noreferrer" target="_blank">monthly independent attestations</a>. Glo Dollar is available on 7 chains: Ethereum, Polygon, Optimism, Arbitrum, Celo, Stellar, and Base. We've just received a <a href="https://bluechip.org/" rel="noopener noreferrer" target="_blank">Bluechip</a> 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.Glo Dollar is developed by the Glo Foundation and is issued by <a href="https://brale.xyz/stablecoins/USDGLO" rel="noopener noreferrer" target="_blank">Brale</a>. How it worksWhat happens when you buy Glo Dollars:<ol><li>The fiat backing Glo Dollar is invested and earns revenue (similar to other stablecoins).</li><li>We donate 100% of our profits on these investments to public goods and charities.</li><li>You’re funding public goods at zero cost.</li></ol><img src="https://lh7-us.googleusercontent.com/WfmjW8GNQvjf4TLGWRyGiom10oB-DPKBnrfI-Wy6z7VfEWJDLv5CdpfUo93NRjVfYC4j0FZisMo3kRE2dvf57V82CBf04RNeeBaaHzYa6kItNLqQ9DQdyz6gz8gka2DxhgaTuGOFCghG-BSTQFwn4XY">We call this Automatic Public Goods Funding (AutoPGF), because it is:<ul><li>Simple: just hold a stablecoin</li><li>Zero-cost: holding a stablecoin is free</li><li>Embeddable: in treasuries, payroll, card transactions, …</li></ul> We’re building the world’s largest philanthropic funding mechanismThe current stablecoin market is ~$150 billion, enough to generate over $7 billion in public goods funding each year.&nbsp;But there’s no reason to stop here. We’re making Glo Dollars as accessible as the US Dollar. Everywhere consumers and companies use money, they can use Glo Dollar instead.<img src="https://lh7-us.googleusercontent.com/kwb9DGKm8FcWkgJhMLnVNA99CrjbPqfb_tHjqn_LRIi2T7ufnZm2q8gkttam6nMoRuLu2-ehHeZfU9tTNNiD5XQxApXNEMEYYxj7_WR0S6n4dH9bp50MNLvux2qSdyWkrOrgTe9wbV4FegRUN9toZnA"> The public goods and charities we fundChoosing the causes to support is simple and can be done from <a href="https://app.glodollar.org" rel="noopener noreferrer" target="_blank">our dApp</a>. Right now, users can select 3 cause areas:<ul><li>Web3 public goods</li><li>Fighting extreme poverty</li><li>Combating climate change</li></ul>We’ll add more causes on a rolling basis. We’re shipping 3 big things in the upcoming months to onboard the next billion users<ol><li>Glo Dollar credit cards, in collaboration with <a href="https://www.raincards.xyz/" rel="noopener noreferrer" target="_blank">Rain</a>. 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.</li><li>Centralized exchange listings. We’ll be pitching to CEXs such as Coinbase and Kraken.</li><li>Glo Dollar ubiquity through Glo payroll, Glo credit, Glo on/offramps, …</li></ol><img src="https://lh7-us.googleusercontent.com/4d2lGwnwtrLXGiYiXGiv6nhOJEFON92Fzzn8sFxjfqZc3GY-FhMfFssT5OWUcslS3mzV8wDq-uNG-GpbeUehVOkSWUjiEe5KfRHoF8gc1-SKnKDohQ7XrCH3geByeWG_l7ccICcov4HNA2fBksxvwlQ"> The Glo Foundation: our teamWe’re a Public Benefit Corporation that receives fiscal sponsorship from Global Impact—who accept and process donations on our behalf.Our mission: to unlock new sources of funding for public goods and charity.We’re led by an experienced team with backgrounds in tech, academia, and crypto:<ul><li><a href="https://twitter.com/jasdrie" rel="noopener noreferrer" target="_blank">Jasper</a> (Co-founder &amp; CEO), previously at Secfi, founded ASIF Ventures</li><li><a href="https://twitter.com/garmrdotcom" rel="noopener noreferrer" target="_blank">Garm</a> (Co-founder &amp; CTO), previously at Secfi, holds a PhD in Product Management from the University of Utrecht</li><li><a href="https://www.linkedin.com/in/mblacken/" rel="noopener noreferrer" target="_blank">Marcia</a> (Head of Ops), previously at Anchorage Digital, Secfi, Bank of America</li><li><a href="https://www.linkedin.com/in/lisa-logerfo-a2668547/" rel="noopener noreferrer" target="_blank">Lisa</a> (Legal Counsel), previously at Circle, Salary Finance</li><li><a href="https://www.linkedin.com/in/bramvoets/" rel="noopener noreferrer" target="_blank">Bram</a> (Head of Growth), previously at Google, Plan A</li><li><a href="https://www.linkedin.com/in/deborahlightfoot/" rel="noopener noreferrer" target="_blank">Deborah</a> (Head of Finance), previously at Breeze Labs, founded Foodline.com</li></ul> Relevant links<ul><li><a href="https://www.glodollar.org" rel="noopener noreferrer" target="_blank">Our website: glodollar.org</a></li><li><a href="https://x.com/glodollar/status/1775151425863213430" rel="noopener noreferrer" target="_blank">Glo Dollar 2.0 announcement thread on X</a></li><li><a href="https://www.glodollar.org/articles/bluechip-rating" rel="noopener noreferrer" target="_blank">Glo Dollar Bluechip rating</a></li><li><a href="https://twitter.com/glodollar" rel="noopener noreferrer" target="_blank">Glo Dollar X account</a></li><li><a href="https://warpcast.com/glodollar" rel="noopener noreferrer" target="_blank">Glo Dollar Farcaster account</a></li><li><a href="https://discord.gg/tMkFWHUQn7" rel="noopener noreferrer" target="_blank">Glo Dollar Discord</a></li></ul>

Glo Dollar (USDGLO) is the stablecoin that funds public goods. 🌈☀️
Stablecoin companies generate up to $7.4 billion annually from their stablecoin
reserves. Our approach is different—we funnel all our profits to public goods
and charities.
Holding Glo Dollars creates a virtuous cycle to grow eco...