Thanks to your feedback, Glo Dollar is now the stablecoin that funds public goods and charities of your choice.

Since our launch last summer, many people have asked us: why is there no Glo Dollar for different kinds of charitable causes. Glo Dollar for decarbonization, Glo Dollar for web3 public goods, Glo Dollar for [fill in your preferred charity].

Glo Dollar is now all those things. As a holder, you decide where our yield is channeled. In other words: Automatic Public Goods Funding. Or AutoPGF.

It represents a new paradigm in philanthropy:

1. It’s ^simple. You just hold a stablecoin.
2. It’s ^zero-cost. Holding a stable is free.
3. It’s ^embeddable within treasuries, card transactions, payrolling.
4. It creates a ^{virtuous cycle for the web3 ecosystem}. Instead of extracting value.

With our app, you easily select the charities that you want to support. 👇

If you’d like us to include a charity you’re passionate about, please let us know. We’ll be adding more charitable causes on a rolling basis.

Our new model unlocks 7.4 billion dollars for public goods funding. And that’s just within crypto.

The stablecoin model is a highly profitable one. ^{In 2023, Circle and Tether earned $7.4 billion in profit/yield}. This raises a critical question at the heart of our new roadmap: what if we redirected all those profits towards public goods and charities?

By empowering our holders, we can build the world’s largest philanthropic funding mechanism.

Some things will never change.

While the yield now goes to the charities of your choice, many aspects of Glo will remain the same:

1. Still generating basic incomes. By default, yield is channeled toward fighting extreme poverty through GiveDirectly.
2. No profit motives. The Glo Foundation remains an organization without profit incentives. All of our profits earned from the reserve are channeled to public goods and charities.‍
3. Stablecoin essentials. Over recent months, we’ve focused on getting the basics right. Glo Dollar is 100% backed, always 1:1 redeemable, US regulated, and receives monthly independent reserve attestations.

We're working to make Glo Dollar as easy to use as the US dollar. In all areas of life.

We’re optimistic that our new model will attract more users → grow our market cap → fund more charities. And yet, we need to do everything we can to make the Glo Dollar as widespread as other stablecoins and traditional currencies. Here’s what lies ahead:

1. Add more charities to select from. Based on your input, we’ll be adding more charitable causes to our app.
2. Glo cards. Together with Rain, we’re launching credit cards collateralized with Glo Dollars. Interested? Join the waitlist.‍
3. Glo payrolling. We’re integrating Glo Dollar into multiple payroll providers. Would you like to pay or receive paychecks in Glo Dollars? Get in touch.

Help us build the largest philanthropic funding mechanism. 

1. ^{Become a Founding Donor of the Glo Foundation}. At scale, Glo Dollar can generate $3-$10 of revenue for every $1 spent on operations. We'll be generating thousands of dollars towards public good funding every year. We just need funding to get us there. Become a Founding Donor. 
2. Join the Glo Consortium. Organizations that hold Glo Dollars or build with Glo Dollars can join the Glo Consortium. Contact us if you’re interested.
3. Spread the word about Glo Dollar. On X, on Farcaster, on LinkedIn, or by flashing your Glo Dollar credit card.