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.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 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’s USDT, FDUSD, and FRAX.Glo Dollar is developed by the Glo Foundation and is issued by Brale.How it worksWhat 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.You’re funding public goods at zero cost.We call this Automatic Public Goods Funding (AutoPGF), because it is:Simple: just hold a stablecoinZero-cost: holding a stablecoin is freeEmbeddable: in treasuries, payroll, card transactions, …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. 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.The public goods and charities we fundChoosing the causes to support is simple and can be done from our dApp. Right now, users can select 3 cause areas:Web3 public goodsFighting extreme povertyCombating climate changeWe’ll add more causes on a rolling basis.We’re shipping 3 big things in the upcoming months to onboard the next billion usersGlo 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.Centralized exchange listings. We’ll be pitching to CEXs such as Coinbase and Kraken.Glo Dollar ubiquity through Glo payroll, Glo credit, Glo on/offramps, …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:Jasper (Co-founder & CEO), previously at Secfi, founded ASIF VenturesGarm (Co-founder & CTO), previously at Secfi, holds a PhD in Product Management from the University of UtrechtMarcia (Head of Ops), previously at Anchorage Digital, Secfi, Bank of AmericaLisa (Legal Counsel), previously at Circle, Salary FinanceBram (Head of Growth), previously at Google, Plan ADeborah (Head of Finance), previously at Breeze Labs, founded Foodline.comRelevant linksOur website: glodollar.orgGlo Dollar 2.0 announcement thread on XGlo Dollar Bluechip ratingGlo Dollar X accountGlo Dollar Farcaster accountGlo Dollar Discord