Glo Dollar USDGLO

Glo Dollar is a fully backed stablecoin pegged to the US dollar. It is a universal currency that can be easily converted from US dollars. It is built for widespread use and aims to lift millions of people out of extreme poverty. When you swap from USD to Glo Dollars, you help fund basic income programs for people in extreme poverty, making it a form of "donationless philanthropy."

Glo Dollar is unique compared to other cryptocurrencies because it is a stablecoin that is 1:1 backed by a reserve of cash and US Treasuries. This means that for every Glo Dollar in circulation, there is an equivalent amount of assets held in reserve. Additionally, the reserves backing Glo Dollar earn interest, and the Glo Foundation aims to give a portion of that interest away to reduce extreme poverty. This makes Glo Dollar not only a digital currency but also a tool for philanthropy, as holding Glo Dollar contributes to funding basic income programs for people in extreme poverty.