Glo Dollar price 

USDGLO

Glo is a nonprofit stablecoin whose msision is to end extreme poverty. Glo is fiat backed and pegged to the dollar. Like other stablecoins, Glo's reserves will be held in a mix of cash and short-term government bonds, specifically Treasury bills. When Glo earns interest on those T-bills, it will give away the proceeds to a nonprofit called GiveDirectly, which creates basic income for people in extreme poverty.

Over 700 million people live in extreme poverty, which is defined as living on less than $2.15 day. If T-bills earn their historical average return (3.37%), and Glo invests 80% of its reserves in T-bills, the Glo reserve will earn about 2.7% return on its market cap every year. A year's worth of basic income through GiveDirectly costs $480. Consequently, every $18,000 of Glo provides a basic income to one person in extreme poverty. If Glo becomes an $18 billion stablecoin, which would make it the third largest, that number rises to 1,000,000 people reached.

At 8-9% of all money, Glo could effectively end extreme poverty.

Glo is a nonprofit organization whose operations are funded by donors. Its executive team comprises Jeff Milewski (CEO), Garm Lucassen (CTO), and Jasper Driessens (CMO). Its homepage is https://glodollar.org and its white paper can be found here: https://docs.google.com/document/d/1E09fdrvBr_TgsUqODq-MROfoSniHI8Ri_3gRYYoWXi0/