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Glo Dollar (USDGLO) is the stablecoin that funds public goods.
Stablecoin companies generate $7.4 billion annually from their reserves.
Our approach is different—we funnel 100% of profits to charitable causes. By adopting Glo Dollar, you fund your favorite public goods without paying for it.
Our users choose which causes to support: fighting extreme poverty, combating climate change, or web3 public goods. At zero cost.
Individuals and companies embed zero-cost philanthropy with Glo in many ways. Gitcoin and Polygon Labs added Glo Dollars to their treasuries. Others pay salaries in Glo Dollars, or use Glo Dollar credit cards.
Glo Dollar is 100% fiat-backed, always redeemable 1:1 for USD and USDC, and is issued and regulated in the US. Glo Dollar is available across 7 blockchains.
What is Glo Dollar?
Glo Dollar (USDGLO) stands out as a stablecoin with a philanthropic twist, channeling all profits to charitable causes. Unlike typical stablecoins that capitalize on reserves, Glo Dollar dedicates its earnings to public goods, making it an "antipoverty" stablecoin. This digital currency is fully backed by fiat, ensuring a 1:1 redeemability for USD and USDC, and is regulated within the United States.
Operating across seven blockchains, Glo Dollar allows users to incorporate philanthropy into financial transactions effortlessly. Individuals and companies can support causes like fighting extreme poverty, combating climate change, or advancing web3 public goods without incurring additional costs. This unique model has attracted support from organizations such as GiveDirectly and Mento Labs, and it is integrated into platforms like Gitcoin and Polygon Labs.
Glo Dollar's versatility extends to its use in credit cards and salary payments, embedding zero-cost philanthropy into everyday financial activities. Users can select which causes to support through a dedicated dApp, enhancing the impact of their transactions. The stablecoin's growth since its 2023 launch highlights its potential to generate substantial funding for public goods, despite not having a large market presence compared to other stablecoins.
What is the technology behind Glo Dollar?
Glo Dollar (USDGLO) represents a fascinating intersection of blockchain technology and philanthropy. At its core, Glo Dollar is a stablecoin, akin to USDC, designed to maintain a stable value by being fully backed by a combination of cash and government bonds. This backing ensures that each Glo Dollar can be redeemed 1:1 for USD or USDC, providing users with confidence in its stability and value retention.
The blockchain technology underpinning Glo Dollar is integral to its operation and security. Operating across seven different blockchains, Glo Dollar leverages the decentralized nature of these networks to ensure transparency and security. Each transaction is recorded on a public ledger, making it nearly impossible for bad actors to alter or falsify transaction data without detection. This transparency is a hallmark of blockchain technology, providing a robust defense against fraud and double-spending attacks.
One of the unique aspects of Glo Dollar is its philanthropic mission. Unlike traditional stablecoins that generate significant profits from their reserves, Glo Dollar channels 100% of its profits to charitable causes. This innovative approach allows users to support initiatives like fighting extreme poverty, enhancing Web3 open-source projects, and combating climate change simply by holding the stablecoin. This model of zero-cost philanthropy is further supported by partnerships with organizations like Gitcoin and Polygon Labs, which have incorporated Glo Dollars into their treasuries.
Security on the blockchain is maintained through consensus mechanisms, which vary depending on the specific blockchain in use. These mechanisms, such as Proof of Stake or Proof of Work, require network participants to validate transactions, ensuring that only legitimate transactions are added to the blockchain. This decentralized validation process makes it exceedingly difficult for any single entity to gain control of the network and manipulate the ledger.
Glo Dollar's issuance and regulation within the United States add an additional layer of trust and compliance. Being fiat-backed and regulated means that Glo Dollar adheres to stringent financial standards, providing users with assurance regarding its legitimacy and operational integrity. This regulatory oversight is crucial for maintaining user trust and ensuring that the stablecoin operates within the bounds of financial laws.
The integration of Glo Dollar into everyday financial activities is another noteworthy aspect. Individuals and companies can use Glo Dollars in various ways, such as paying salaries or using Glo Dollar credit cards. This versatility demonstrates the practical applications of stablecoins in modern finance, offering a seamless way to incorporate digital currencies into traditional financial systems.
Incorporating Glo Dollar into one's financial ecosystem not only supports charitable causes but also exemplifies the potential of blockchain technology to drive social impact. By holding Glo Dollars, users contribute to a broader mission of funding public goods without incurring additional costs, showcasing the transformative power of blockchain in creating a positive societal impact.
What are the real-world applications of Glo Dollar?
Glo Dollar (USDGLO) stands out in the cryptocurrency landscape as a stablecoin with a mission to fund public goods. Unlike traditional stablecoins that generate profits for their issuers, Glo Dollar channels 100% of its profits into charitable causes. This innovative approach allows users to support initiatives such as fighting extreme poverty, combating climate change, and advancing Web3 public goods without incurring any personal cost.
One of the practical applications of Glo Dollar is in payroll and treasury management. Companies like Gitcoin and Polygon Labs have integrated Glo Dollars into their treasuries, showcasing its utility in corporate finance. Additionally, individuals and businesses can pay salaries using Glo Dollars, providing a seamless way to incorporate philanthropy into everyday transactions.
Glo Dollar also facilitates credit card transactions, enabling users to make purchases while indirectly contributing to social good. This integration into everyday financial activities highlights its potential to blend traditional financial systems with blockchain technology.
Backed 100% by fiat currency, Glo Dollar maintains a stable value, always redeemable 1:1 for USD and USDC. This stability is crucial for its use in various financial applications, ensuring users can rely on its value across different platforms. Available on seven blockchains, Glo Dollar offers flexibility and accessibility, catering to a diverse range of users and use cases.
At the time of writing, Glo Dollar's real-world applications are centered around its philanthropic model and integration into financial systems. Its unique approach to funding public goods sets it apart, providing a model for how cryptocurrencies can drive positive social impact while maintaining practical utility in everyday financial transactions.
What key events have there been for Glo Dollar?
Glo Dollar (USDGLO) stands out in the cryptocurrency landscape as a stablecoin with a philanthropic mission, channeling all profits to charitable causes. This unique approach has positioned it as a tool for social impact, allowing users to support public goods without incurring additional costs. The stablecoin is fully fiat-backed, redeemable 1:1 for USD and USDC, and operates under U.S. regulation, ensuring stability and trust.
One of the significant milestones for Glo Dollar was the launch of Glo Dollar 2.0. This update marked a pivotal moment, enhancing the platform's capabilities and expanding its reach. The introduction of Glo Dollar 2.0 brought about improvements that facilitated greater user engagement and broadened the scope of charitable contributions.
In a move to integrate philanthropy into everyday financial transactions, Glo Dollar introduced credit cards collateralized with USDGLO. This innovation allowed users to seamlessly incorporate charitable giving into their spending habits, further embedding the stablecoin's mission into daily life.
The expansion of charitable causes within the Glo app was another key development. By diversifying the range of supported causes, Glo Dollar empowered users to direct their contributions towards issues they are passionate about, such as fighting extreme poverty, combating climate change, or supporting web3 public goods.
Glo Dollar's integration into multiple payroll providers represents a strategic advancement, enabling companies to pay salaries in USDGLO. This integration not only promotes the stablecoin's adoption but also aligns corporate financial practices with philanthropic goals, offering a zero-cost way to contribute to public goods.
The establishment of the Glo Foundation and the opportunity for individuals and organizations to become Founding Donors further solidified Glo Dollar's commitment to philanthropy. By joining the Glo Consortium, supporters can actively participate in the stablecoin's mission to fund public goods, fostering a community-driven approach to charitable giving.
Notably, Gitcoin and Polygon Labs have incorporated Glo Dollars into their treasuries, highlighting the stablecoin's growing acceptance and its potential to influence the broader blockchain ecosystem. This adoption underscores the appeal of Glo Dollar's model, which combines financial utility with social responsibility.
Glo Dollar's availability across seven blockchains enhances its accessibility and usability, ensuring that users can engage with the stablecoin across various platforms. This multi-chain presence supports the stablecoin's goal of widespread adoption and impact.
At the time of writing, these events collectively illustrate Glo Dollar's journey as a stablecoin dedicated to making a positive societal impact through innovative financial solutions and strategic partnerships.
Who are the founders of Glo Dollar?
Glo Dollar (USDGLO) stands out as a stablecoin dedicated to funding public goods, with a unique model that directs all profits to charitable causes. The minds behind this innovative cryptocurrency are Jasper Driessens, Deborah Lightfoot, Garm Lucassen, and Jeffrey Milewski. These founders bring a diverse array of expertise from tech, academia, and the crypto industry, having held positions such as CEO, CTO, and research director. Their collective vision has led to a stablecoin that not only supports financial transactions but also empowers users to contribute to causes like poverty alleviation and climate change mitigation.
The live Glo Dollar price today is $0.999704 USD with a 24-hour trading volume of $18,344.55 USD. We update our USDGLO to USD price in real-time. Glo Dollar is down 0.15% in the last 24 hours. The current CoinMarketCap ranking is #4526, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.