Glo Dollar is an OSS project. Its smart contract code is available at https://gitlab.com/global-income-coin/usdglo, and its dApp source code is available at https://github.com/Glo-Foundation/glo-wallet. The smart contract has been upgraded recently in light of audit recommendations (https://www.glodollar.org/articles/smart-contract-audits) and the dApp is in active development.

Glo Dollar is very much focused on advancing the Ethereum and web3 communities. Well-functioning stablecoins are public goods; they are critical to DeFi, new user acquisition, and good relationships with regulatory authorities. When one of the leading stablecoins depegs or is shut down by regulators, it has very negative consequences for the entire ecosystem, as we already experienced with the infinite cascading consequences of the USDC depeg. We’re aiming to reduce this existential risk by promoting stablecoin diversification. 

The Glo Foundation is preparing to register as a 501(c)(3) nonprofit in the next few months. We think this more effectively aligns incentives between the coin’s users and its creators than the shareholder model . 

The Glo Dollar’s social good mission also gives it a leg up in real-world adoption, and we are dedicated to onboarding new businesses and folks who have never used crypto, onto Glo Dollars (and by extension, all of the networks Glo Dollar is available on). For more, see https://www.glodollar.org/articles/vision-and-growth-strategy.