{"type": "project", "title": "Glo Dollar", "logoImg": "bafkreidsxlq5jf2sa2gl6vboiahozx3nqxfd3qpgjqf7w245pwfwkr5soi", "website": "https://glodollar.org", "bannerImg": "bafkreifb4o4vi3766foyu7wwvkht4wtbs43usstcenb45yrnctm37l4kcu", "createdAt": 1725956846320, "userGithub": "gglucass", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..1voxtPJpTQIdXXRin8OdJM3_cSozayzTFLEIniKutjRagwEhHjs9kKOWJ4_lH_jPDnhzhl5TO1csuSPN_8KIDQ", "type": "Ed25519Signature2018", "created": "2024-09-10T08:27:06.983Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-09-10T08:27:06.983Z", "expirationDate": "2024-12-09T08:27:06.983Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x1bbfC95B826693BF17665f36a66ac9c389b7E581", "hash": "v0.0.0:7+x069SG2S/dzGS5BL89+OboGpIxdKALsTPoPKHPsIc=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#Glo-Foundation#1226415"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..JJW6tHh5D1i5IVEa-BzE6RnqHYUTKg1lbRKSrhtC3dfK8y2RfNhMf1q1YMQ-ivtcXp14K6L_FlQCK8gIX-07Cg", "type": "Ed25519Signature2018", "created": "2024-09-10T08:27:16.363Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-09-10T08:27:16.363Z", "expirationDate": "2024-12-09T08:27:16.363Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x1bbfC95B826693BF17665f36a66ac9c389b7E581", "hash": "v0.0.0:1FWl+w0bbbJBXMJDPuHPQGKcC0tlyQvs+c4pa2+2Rkk=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#glodollar"}}}, "description": "**Fund public goods by hodling a stablecoin**\n\nGlo Dollar (USDGLO) is the stablecoin that funds public goods. \ud83c\udf08\u2600\ufe0f\n\nStablecoin companies generate $7.4 billion annually from their stablecoin reserves. 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![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd81_T1GUDaKLA2UxAHo72c_UEbNcqlytvWMR-IZcp5xUlWF29Xh4zK05-x2RCJQkg_H9s8AMBlgyE3ysZjqnA4n11iR1MgLU2YqCMvnV-USSbVWH-JXYe46oemvBRfpb21UgjzSrQNAaq3UP94RuEh8JQ?key=A1WJzBS_Y6Q-ttRMaAtg3Q)\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\u2019s 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![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfXhIyNY6aM2PN_5LHW-v9ULs1_muO4fyx_uQudHL_YBKpuOFokGjLIy8j6GjwTrFotdY9MyN7sr413EApfdpno_7VvziBmqHgTM5bsFTJTQjJ54tSAiHqtajYUi-VUCLkzfIq_Qn-R17PNLRal5J8fCW8?key=A1WJzBS_Y6Q-ttRMaAtg3Q)\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**We\u2019re building the world\u2019s largest philanthropic funding mechanism**\n\nThe current stablecoin market is ~$171 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![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXc3Jh5IWmFQVym-briNEqvkXNRenID0qbX5UeUdS2Kma6M5jUrRdrl0DY7-ZOPaRfK0OQTN6a8WYifdlZMSxKUFFw_uH4whwnWLX-eqLL2yYeqaTZ0ogivW5jgDa0bFyf_p0kCG6eWC1grtPjl5lNQVLrWA?key=A1WJzBS_Y6Q-ttRMaAtg3Q)\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\u2019re adding more Cause Areas [on a rolling basis](https://www.glodollar.org/articles/causes-selection-criteria).\n\n**The Glo Foundation: our team**\n\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\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\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", "logoImgData": {}, "bannerImgData": {}, "projectGithub": "Glo-Foundation", "projectTwitter": "glodollar"}
Glo Dollar
**Fund public goods by hodling a stablecoin**

Glo Dollar (USDGLO) is the stablecoin that funds public goods. 🌈☀️

Stablecoin companies generate $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.

Zero-cost philanthropy. 🪄

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXd81_T1GUDaKLA2UxAHo72c_UEbNcqlytvWMR-IZcp5xUlWF29Xh4zK05-x2RCJQkg_H9s8AMBlgyE3ysZjqnA4n11iR1MgLU2YqCMvnV-USSbVWH-JXYe46oemvBRfpb21UgjzSrQNAaq3UP94RuEh8JQ?key=A1WJzBS_Y6Q-ttRMaAtg3Q)

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](https://brale.xyz/stablecoins/USDGLO).

Glo Dollar is available on 7 chains: Ethereum, Polygon, Optimism, Arbitrum, Celo, Stellar, and Base.

We'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.

Glo Dollar is developed by the Glo Foundation and is issued by [Brale](https://brale.xyz/stablecoins/USDGLO).

**How it works**

What happens when you buy Glo Dollars:

1.  The fiat backing Glo Dollar is invested and earns revenue (similar to other stablecoins).
2.  We donate 100% of our profits on these investments to public goods and charities.
3.  You’re funding public goods at zero cost.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfXhIyNY6aM2PN_5LHW-v9ULs1_muO4fyx_uQudHL_YBKpuOFokGjLIy8j6GjwTrFotdY9MyN7sr413EApfdpno_7VvziBmqHgTM5bsFTJTQjJ54tSAiHqtajYUi-VUCLkzfIq_Qn-R17PNLRal5J8fCW8?key=A1WJzBS_Y6Q-ttRMaAtg3Q)

We call this **Automatic Public Goods Funding** (AutoPGF), because it is:

-   Simple: just hold a stablecoin
-   Zero-cost: holding a stablecoin is free
-   Embeddable: in treasuries, payroll, card transactions, …
**We’re building the world’s largest philanthropic funding mechanism**

The current stablecoin market is ~$171 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.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXc3Jh5IWmFQVym-briNEqvkXNRenID0qbX5UeUdS2Kma6M5jUrRdrl0DY7-ZOPaRfK0OQTN6a8WYifdlZMSxKUFFw_uH4whwnWLX-eqLL2yYeqaTZ0ogivW5jgDa0bFyf_p0kCG6eWC1grtPjl5lNQVLrWA?key=A1WJzBS_Y6Q-ttRMaAtg3Q)

**The public goods and charities we fund**

Choosing 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:

-   Web3 public goods
-   Fighting extreme poverty
-   Combating climate change

See [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).

**The Glo Foundation: our team**

We’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](https://twitter.com/jasdrie) (Co-founder & CEO), previously at Secfi, founded ASIF Ventures
-   [Garm](https://twitter.com/garmrdotcom) (Co-founder & CTO), previously at Secfi, holds a PhD in Product Management from the University of Utrecht
-   [Lana](https://www.linkedin.com/in/lanadingwall/) (Partnerships), also involved with CharmVerse, Octant, Unlock Inc, and GreenPill
-   [Christine](https://www.linkedin.com/in/christineto3/) (Business Development), previously at the Stellar Development Foundation and Anchorage Digital
-   [Bram](https://www.linkedin.com/in/bramvoets/) (Growth), previously at Google, Plan A

**Relevant links**

-   [Our website: glodollar.org](https://www.glodollar.org)
-   [Glo Dollar 2.0 announcement thread on X](https://x.com/glodollar/status/1775151425863213430)
-   [Glo Dollar Bluechip rating](https://www.glodollar.org/articles/bluechip-rating)
-   [Glo Dollar cause areas](https://www.glodollar.org/articles/fund-what-matters-to-you)
-   [Glo Dollar X account](https://twitter.com/glodollar)
-   [Glo Dollar Farcaster account](https://warpcast.com/glodollar)
-   [Glo Dollar Discord](https://discord.gg/tMkFWHUQn7)

Glo Dollar