.svg)
What is Glo Dollar? And how does it fund public goods?
Simply by owning money in the form of Glo Dollars, you generate funding for public goods and charitable causes. Sounds magical? The model is actually quite simple.
Articles
How Glo Dollar works
What is Glo Dollar? And how does it fund public goods?
Simply by owning money in the form of Glo Dollars, you generate funding for public goods and charitable causes. Sounds magical? The model is actually quite simple.
Glo Dollar is a fiat-backed stablecoin that funds public goods.
With Glo Dollar, you can help fund public goods and charitable causes just by holding a stablecoin. It's a new, donationless form of philanthropy.
Glo Dollar allows you, the holder, to choose which causes to support. That includes poverty alleviation, decarbonization programs, and Web3 open source initiatives. At zero cost to you. We’ll refer to this as AutoPGF (Automatic Public Goods Funding).
That's right—you're funding public goods without having to give away money.
.png)
1. You buy Glo Dollars (USDGLO) onchain
When you buy Glo Dollars, the fiat reserves backing Glo Dollar will increase. Get started to buy Glo Dollars.
When you've bought Glo Dollars, you decide which funding recipient receives the revenue generated thanks to your Glo Dollar holding. 1 Glo Dollar = 1 vote.
2. Our issuer Brale invests the fiat backing Glo Dollar offchain
As the fiat backing Glo Dollar increases, more of it can be invested to earn revenue.
3. Our issuer Brale earns revenue on the fiat backing Glo Dollar offchain
For each Glo Dollar in circulation, there's at least $1 of cash and/or US Treasuries. The US Treasuries earn interest, which becomes revenue.
4. Glo Foundation receives its revenue from Brale onchain
Each month, Brale transfers the monthly revenue share onchain in Glo Dollars. We share all of the transfers on our donations page.
5. The funding recipient receives donations in Glo Dollar from the Glo Foundation onchain
After we've received our revenue share, 100% of it is donated to the funding recipient chosen by the Glo Dollar holder in step 1.
All of the revenue generated because of their holdings will be donated toward the funding recipient of their choice.
As a Glo Dollar holder, you're funding public goods at no cost.
Developed by the Glo Foundation
The Glo Dollar is developed by us, the Glo Foundation. We're a Public Benefit Corporation that receives fiscal sponsorship through Global Impact. The Glo Foundation is generously funded by donors. This allows us to donate 100% of the revenue we earn from Glo Dollar's reserves to charitable causes.
See About Us for more information.
Issued by Brale
The Glo Foundation has selected Brale Inc. (NMLS ID #2376957) to serve as issuer of the Glo Dollar. As issuer, Brale is responsible for maintaining adequate liquidity to meet redemption obligations and has discretion over the allocation of the reserves. The assets backing the Glo Dollar are held as cash, cash equivalents and short term US government backed debt (e.g. US Treasuries).
Brale retains 100% of the earnings on the first $2M of assets backing the Glo Dollar. Beyond Glo Dollar's $2M market cap, the Glo Foundation receives an increasing share of these earnings, which are donated to charitable causes.
To learn more about the partnership between Brale and the Glo Foundation, read the announcement.
This could be the info box
In this program, GiveDirectly identifies impoverished African villages to give their citizens $30 per month, transferred via mobile money technology, for 3-5 years. For people living on less than $2/day this is a transformational amount.
Glo's economic model is to invest its reserve in short-term Treasury bills and give the proceeds away entirely to GiveDirectly.
References (this is a heading2)
- This is a list for references
- reference 2
- reference 3
This is additional reference text
Glo Dollar is a fiat-backed stablecoin that funds public goods.
With Glo Dollar, you can help fund public goods and charitable causes just by holding a stablecoin. It's a new, donationless form of philanthropy.
Glo Dollar allows you, the holder, to choose which causes to support. That includes poverty alleviation, decarbonization programs, and Web3 open source initiatives. At zero cost to you. We’ll refer to this as AutoPGF (Automatic Public Goods Funding).
That's right—you're funding public goods without having to give away money.
1. You buy Glo Dollars (USDGLO) onchain
When you buy Glo Dollars, the fiat reserves backing Glo Dollar will increase. Get started to buy Glo Dollars.
When you've bought Glo Dollars, you decide which funding recipient receives the revenue generated thanks to your Glo Dollar holding. 1 Glo Dollar = 1 vote.
2. Our issuer Brale invests the fiat backing Glo Dollar offchain
As the fiat backing Glo Dollar increases, more of it can be invested to earn revenue.
3. Our issuer Brale earns revenue on the fiat backing Glo Dollar offchain
For each Glo Dollar in circulation, there's at least $1 of cash and/or US Treasuries. The US Treasuries earn interest, which becomes revenue.
4. Glo Foundation receives its revenue from Brale onchain
Each month, Brale transfers the monthly revenue share onchain in Glo Dollars. We share all of the transfers on our donations page.
5. The funding recipient receives donations in Glo Dollar from the Glo Foundation onchain
After we've received our revenue share, 100% of it is donated to the funding recipient chosen by the Glo Dollar holder in step 1.
All of the revenue generated because of their holdings will be donated toward the funding recipient of their choice.
As a Glo Dollar holder, you're funding public goods at no cost.
Developed by the Glo Foundation
The Glo Dollar is developed by us, the Glo Foundation. We're a Public Benefit Corporation that receives fiscal sponsorship through Global Impact. The Glo Foundation is generously funded by donors. This allows us to donate 100% of the revenue we earn from Glo Dollar's reserves to charitable causes.
See About Us for more information.
Issued by Brale
The Glo Foundation has selected Brale Inc. (NMLS ID #2376957) to serve as issuer of the Glo Dollar. As issuer, Brale is responsible for maintaining adequate liquidity to meet redemption obligations and has discretion over the allocation of the reserves. The assets backing the Glo Dollar are held as cash, cash equivalents and short term US government backed debt (e.g. US Treasuries).
Brale retains 100% of the earnings on the first $2M of assets backing the Glo Dollar. Beyond Glo Dollar's $2M market cap, the Glo Foundation receives an increasing share of these earnings, which are donated to charitable causes.
To learn more about the partnership between Brale and the Glo Foundation, read the announcement.
Worldwide • Full remote
Worldwide • Full remote
Worldwide • Full remote
.png){kind=link}