Glo Dollar (USDGLO) is the stablecoin that funds public goods. Stablecoin companies generate $7.4 billion in profits/yield annually from their stablecoin reserves. Our approach is different—we funnel 100% of 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, holders fund the causes that matter to them. At zero cost. Glo Dollar is 100% fiat-backed, always redeemable 1:1 for USD and USDC, and is issued and regulated in the United States. Independent attestations are conducted monthly on Glo Dollar reserves.
Category:
DeFi
Venture Funding
1m-3m USD
~$1M as a donation from Sid Sijbrandij + ~$50K in funding from different grants between Gitcoin, Giveth, ENS and Octant.
Foundation Mission
50,000 OP
We were recently awarded this grant to fund part of the work to add RetroPGF as a funding recipient for Glo Dollar's stablecoin revenues.
Revenue
Under-250k USD
We donate all our revenue to public goods and charities, while we fund our operations with donations and grants. See https://glodollar.org/ for more information on how this works.
OP Mainnet
0x4F604735c1cF31399C6E711D5962b2B3E0225AD3
