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Glo is a nonprofit that is creating the Glo Dollar - the stablecoin that lifts people out of extreme poverty. Hold the Glo Dollar to help end extreme poverty with your DAO / savings / DeFi protocol. Automatically and at no cost.Glo will be 1:1 backed by the Glo Reserve. When Glo is live, we'll make money by investing the Glo Reserve in bonds—but we'll donate 100% to GiveDirectly.Learn more on or continue reading belowA stablecoin that generates basic incomeSimply by owning money in the form of Glo, you generate new money which then goes to people living in extreme poverty. Sounds magical? The model is actually quite simple.Think of Glo as an alternative version of the US dollar with an added property: it lifts people out of extreme poverty. That's why we call it the ethical currency.Glo presents a new way for people and companies to help fight extreme poverty. You can participate by swapping some of your normal money to Glo.Holding Glo = donationless philanthropyWhen you swap from USD ⇄ Glo, you help us make more money. We donate all of this to basic income programs for people living in extreme poverty. This costs you nothing.More Glo adoption = less povertyOn average, we expect to lift one person out of extreme poverty for every $17,800 of Glo market cap. With enough adoption, we'll be able to help millions of people escape extreme poverty.For more read this 600 words explainer on why Glo're the Glo Foundation, the organization behind Glo Dollar.With enough Glo adoption, we can substantially decrease extreme poverty.All the money converted to Glo contributes to our mission. Our operational costs (such as salaries) are generously funded through donations.Our team is fully remote, and we're hiring globally.
Raised: $514.531


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