Glo Dollar (USDGLO) is the antipoverty stablecoin. Glo Dollar is fiat-backed and generates earnings on its reserves. The difference: its creator, the Glo Foundation donates its portion of earnings to basic income programs for people living in extreme poverty. As Glo Dollar's market cap goes up, extreme poverty goes down.
The Glo Foundation is a mission-driven organization focused on building sustainable solutions for ending extreme poverty.Read more
Fiat-backed. Redeemable one-to-one for US dollars.
Lift people out of extreme poverty by adopting the Glo Dollar– a stablecoin developed by the Glo Foundation and issued by Brale.
Brale asserts that the balance of treasury assets is equal to or greater than the tokens issued, as of the following dates and as detailed below.
Balance as of September 30, 2023
Monthly Reserve Reports
Monthly reports are issued by an independent accounting firm to provide assurance that the value of stablecoin reserves are equal to the amount in circulation. Reports are prepared according to the attestation standards of the American Institute of Certified Public Accountants (AICPA).