Glo Dollar is US regulated and 1:1 backed by a reserve of cash and US Treasuries.
Glo Dollar is a fiat-backed stablecoin that generates basic income for people in extreme poverty. With Glo Dollar, you can help end extreme poverty just by holding a stablecoin. It's a new, donationless form of philanthropy.
Glo Dollar addresses extreme poverty by utilizing a stablecoin model that generates basic income for those in need. This innovative approach involves donating revenue from the reserve to GiveDirectly's basic income programs, aiming to lift people out of extreme poverty efficiently and effectively.
The Glo consortium: Glo Dollar has started the Glo consortium, this strategic alliance brings together various stakeholders committed to leveraging Glo Dollar's innovative approach to combat extreme poverty through digital currency.
Glo Dollar's impact: In the long-run, Glo Dollar expects every $20,000 of Glo Dollar in circulation to create basic income for one person in extreme poverty.
