Previously, Glo Dollar was the anti-poverty stablecoin. We've upgraded our protocol, enabling Glo Dollar users to fund what matters to them. 1 Glo Dollar = 1 vote. [See our announcement on X](https://x.com/glodollar/status/1775151425863213430).

We added about $1M in market cap and crossed the $2M threshold in December 2023, after which we began donating our share of the yield. Brale, our issuance partner, retains 100% of yield on the first $2M in market cap. More leading organizations in Web3 have added Glo Dollars to their treasury, including Gitcoin ($100K in USDGLO), and Polygon ($150K in USDGLO). 

Beyond the ongoing conversations and partnerships, we’ve also run a Glo Dollar community round in collaboration with Arbitrum DAO using Gitcoin’s protocol for organizations that are looking to embed philanthropy with Glo Dollars. A total of 50 projects took part, and have crowdfunded over $16K from more than 400 unique donors–see [the report card](https://x.com/glodollar/status/1767852096588509214).

In terms of new things and pilots, we’ve kicked off embedding public goods funding into payroll with the likes of Niural and Opolis. We also piloted Glo Dollar collateralized credit cards in collaboration with Rain, and we’re set to roll out fully in the first half of 2024.
