Glo Dollar is the anti-poverty dollar. As market cap goes up, extreme poverty goes down.

Glo Dollar is a fiat-backed stablecoin pegged to the US Dollar. Like other stablecoins, Glo Dollar earns revenue from the Treasuries held in its reserve. Unlike other stablecoins, Glo Dollar’s sponsoring organization, the Glo Foundation, gives away all income it earns from the coin to GiveDirectly, a well-respected NGO that sends money to people in extreme poverty, no strings attached.

In the long-run, we expect every $20,000 of Glo Dollar in circulation to create basic income for one person in extreme poverty. A $20 billion dollar stablecoin, which would make Glo Dollar the third largest, would lift one million people out of poverty.

Glo Dollar is issued by brale.xyz and is now available on Uniswap on Ethereum, Polygon and Celo. Glo Dollar is an open source project, with smart contract code on GitLab and source code for its dApp on GitHub.