Glo can be used like any other stablecoin, but it also enables a new crypto use case: donationless philanthropy. Like other stables, Glo Dollar makes money from the interest on the fiat reserves. The difference: the Glo Foundation does not make profits. Instead, they donate 100% of the interest received to GiveDirectly, the world’s fastest-growing charity. They provide basic incomes for people living in extreme poverty, in countries such as Kenya.
Glo Dollar is simplifying its structure: the foundation is winding down, and Brale will manage the program going forward. Nothing changes for holders. Glo remains a distinct, mission-driven stablecoin focused on transparency, backing, & impact. Details:…
💛 Glo Dollar has been live on Stellar for over a year. The @StellarOrg community spans the world, steadily making the financial system better. Progress is adding up. We’re now working with over a dozen Stellar projects, embedding philanthropy across the ecosystem. 👇
