📣 Glo Dollar 2.0: the stablecoin that funds public goods
Starting today, we're unlocking $7.4B in funding for public goods and charity
Here's how you can help by choosing Glo Dollars instead of e.g. USDT
↓ 🌈 ↓ ☀️ ↓
It's happening: Glo Dollar is live on Uniswap 🥳🦄
You can now buy Glo Dollars.
Start using the stablecoin that ends extreme poverty.
Ticker: USDGLO
Chains: Ethereum,
@0xPolygon
Here's how Glo will end extreme poverty for millions of people 👇
🥁🥁🥁
Our QF round on
@arbitrum
using
@gitcoin
's protocol is live:
• 35 projects👇
• $10,000 in matching
• You can still apply
• Running til March 13
Donate here ↓
Gitcoin is swapping $100,000 of its USDC to USDGLO.
Thanks for your support and trust,
@gitcoin
💙
We're at the beginning of:
❇️ Lifting millions out of extreme poverty
☢️ Derisking a systemic threat to Ethereum: the stablecoin duopoly
Big news:
Polygon Labs just bought $150K of Glo Dollars to fund public goods.
Glo Dollar = the stablecoin that funds public goods ✨
With this move, Polygon Labs pioneers zero-cost philanthropy & helps us unlock $7.4 billion/year for a better world.
What it means for Web3 🧵
📣 Big news:
@StellarOrg
joins Glo as Founding Organization with a $250,000 donation.
Together, we’re leveraging zero-cost philanthropy to create a more balanced and better world.
$2,000,000 glo dollars in circulation
$2,000,000 glo dollars in circulation
$2,000,000 glo dollars in circulation
$2,000,000 glo dollars in circulation
$2,000,000 glo dollars in circulation
$2,000,000 glo dollars in circulation
marking a key milestone for Glo, because...↓
—announcing Glo: the ethical stablecoin—
Glo is a new way to fight extreme poverty:
1—Convert your dollars to Glo
2—Your money generates basic income
3—It goes to people in extreme poverty
$9 trillion in Glo would end extreme poverty.
Let's do this.
Here's the master plan 👇
🎉 Shutter DAO 0x36 swaps $300,000 into Glo Dollars to fund public goods. Automatically and for free.
Marking the largest Glo Dollar swap & holding yet 🌈 ☀️
@ShutterNetwork
DAO 0x36 is leading the way in Automatic Public Goods Funding...
📣 It's (almost) here: Glo Dollar backed credit cards.
We're making Glo Dollar accessible for mainstream real-life usage.
Embedding philanthropy into everyday spending 🌈 ☀️
In this thread 🧵:
- How to get one 💳
- How these cards fund public goods, automatically
📣 Gitcoin joins the Glo Consortium.
By holding $100,000 in Glo Dollars,
@gitcoin
helps to generate more basic incomes for those living in extreme poverty.
Your role as one of our first adopters means a lot—thank you!
📣 Glo Dollar is now live on
@CeloOrg
.
Celo is a carbon-negative, mobile-first blockchain ecosystem on a mission to create the conditions of prosperity for all.
Let’s create prosperity (Celo) by ending extreme poverty (Glo).
👇
Woke up feeling regenerous (🍄) today.
Some ideas:
• Donate in
@Giveth
's earth round
• Tip strangers $REGEN on Warpcast
• Pay friends Glo Dollars (USDGLO) on Warpcast, thru
@payflowme
• Start staking GLM so you can be generous later,
@OctantApp
• Join /philanthropy (cc
if we grow to a $24M market cap in 2024, we'd generate up to $1M in public goods funding.
each year.
automatically.
at no cost to glo users.
48 things we could do with $1M:
1. lift 2000 people out of poverty thru
@GiveDirectly
2. enable schooling for 1000s of kids
We just processed our June donations.
So far, Glo Dollar holdings have yielded $3021.80 in donations to
@GiveDirectly
,
@Giveth
,
@gitcoin
,
@ProtocolGuild
.
If we grow to a $30M stablecoin, we'd generate up to $1.3M in donations.
Each year. Automatically. At zero cost. 🪄
Stablecoins are a public good.
It's time they're managed as one.
Today, they're controlled by a corporate duopoly.
They extract all the value: ~$12.7M of yield per day
This month's Web3 public goods funding is split between
@Giveth
,
@gitcoin
&
@ProtocolGuild
🌈☀️
All get 25% of our web3 public goods designated profits.
🎁 One gets a 25% bonus. You decide 👇
(context →)
🎁 We're donating $500 in USDGLO to charities chosen by you!
What charities should we support? Reply to nominate.
Made possible by
@TheGivingBlock
and the Glo Foundation, celebrating Giving Tuesday + our listing on TGB. 🥳
How it works...↓
We’re now a $2.5 million stablecoin.
We’re now a $2.5 million stablecoin.
We’re now a $2.5 million stablecoin.
We’re now a $2.5 million stablecoin.
If we grow 10x from here, we’d generate up to $600K in public goods funding each year.
At no cost to Glo holders.
To onboard the next 1 billion users we're shipping 3 big things in the upcoming months:
1. Glo Dollar credit cards 🤯
2. Centralized exchange listings 👀
@coinbase
,
@krakenfx
⁉️
3. Glo Dollar ubiquity through Glo payroll, Glo credit, Glo on/offramps, ...
We've just processed our April donations to
@GiveDirectly
,
@gitcoin
,
@Giveth
, and
@ProtocolGuild
.
Thanks to everyone using Glo. We're seeing real change because of you.👇
If we grow to a $20M stablecoin, we'd be donating up to $1M.
Each year. Automatically. At no cost. 🪄
—announcing Global Income Coin—
Global Income Coin is unlocking the ~$2860 billion/year in direct cash transfers that philanthropy is currently missing out on.
that's a $1/day/person UBI for everyone on earth
a thread 👇
Today,
@talentDAO_
joins the Glo Consortium!
talentDAO is a digital organization building decentralized research collectives and OS coordination software for the future.
👏 talentDAO has acquired $10,000 in Glo Dollars.
The world of work just got (even) better, here's why ↓
we've got something exciting for you:
you can now make donations on
@Giveth
using Glo Dollars. 💸
that's big for us, for Giveth, for anyone giving on Giveth, and for anyone receiving donations through Giveth.
here's why:
Follow the Glo Dollar channel on Warpcast for a chance to win $100 USDGLO 🎁
To join:
1️⃣ Follow:
2️⃣ Enrol in this
@Unitap_app
prize tap:
📯 1 wallet will get $100 USDGLO
Thank you to everyone who contributed to our joint QF round with
@arbitrum
DAO—be it as donors, project participants, or round advocates. 🫡
With the round now concluded…
~3000 donations were made by 400+ donors.
$6400+ was raised by the 50 projects that took part.
⬇
🎄🎅 Entering the holiday season,
we want to thank all the Glo Consortium members, embedding philanthropy in unique ways. 🧵
We really appreciate the momentum this group has kickstarted.
To start with those holding Glo Dollars... ↓
Let's talk about
@GiveDirectly
, a charity we love.
They're one of the best & fastest-growing charities on earth.
And they solve a core problem for
@glo_coin
: getting cash into the hands of people who need it.
A 🧵:
Giving unconditional cash to the poorest people in the world allows them not outsiders to decide what they need. It can deliver better nutrition than a nutrition program, better employment than an employment program. But the aid world still resists cash..
19 reasons we're over the 🌕 w giveth's galactic giving QF round
1. 91 impactful projects taking part, inc glo dollar
2.
@Giveth
's meme game
3. started a day or so ago, already >$1500 in donations
4. + 146 donations
5. you can donate in glo dollars 🌪️
6. givpower 🚀 w
In response to
@VitalikButerin
's blog ()...
Glo Dollar is the stablecoin that funds public goods:
1. Fiat backing Glo Dollar is invested and earns revenue.
2. We donate 100% of profits to public goods.
3. Glo holder funds public goods at no cost.
The Glo Foundation has no profit incentives. To pay for operations, we're raising funds in
@Giveth
's ARB round.
Right now, we'll receive ~4,186 ARB in matching. Our goal: 7,500 ARB.
If you have a Glo Dollar (or any other token) to spare, it goes a really long way.
Donate ↓
But then we thought: let's not reinvent the wheel here.
@GiveDirectly
already solved this problem.
They use mobile technology to get cash into the hands of people living in extreme poverty.
We give $ to them, they get $ to recipients.
That's it. That's the whole thing.
another Consortium member
another org holding Glo Dollars
another org embedding philanthropy
we're welcoming
@ArtizenFund
to the Consortium as they commit to holding 10% of its community treasury in Glo Dollars.
if you're unfamiliar with Artizen, ↓
—announcing Glo: the ethical stablecoin—
Glo is a new way to fight extreme poverty:
1—Convert your dollars to Glo
2—Your money generates basic income
3—It goes to people in extreme poverty
$9 trillion in Glo would end extreme poverty.
Let's do this.
Here's the master plan 👇
🧑🎄Giveth’s Giving Season QF round is live!
Support 80+ public good projects on
@Optimism
.
✔️ $25,000 matching pool in USDGLO
✔️ 100% of the funds go straight to the project–no fees
✔️ You’ll get GIVbacks
Donate now on
@Giveth
👇
We're now included in
@bluechip_org
's ratings, with an initial B grade 🎉
Glo Dollar is a top 10 rated fiat-pegged stablecoin. Deemed safer than Tether's USDT, FRAX, FDUSD, USDD, and GHO.
And unlike other stablecoins, we donate 100% of profits to your favorite public goods.
we added a shiny new donation button to our website
with which you can donate to the Glo Foundation, in Glo Dollars. 👇
thanks to
@Donorshipio
(powered by
@TheGivingBlock
) for making this possible.
💛 We're among the top
@CeloPublicGoods
inaugural retroactive public goods recipients.
We’ve been awarded 7,453 CELO (around $6600) for our support of the
@Celo
ecosystem. Thanks to the CeloPG stewards and everyone involved.
Let's fund more public goods. For free. 🪄
We're into the 7th day of the Glo Dollar x Arbitrum round on
@gitcoin
.
A snapshot of the action so far:
• crowdfunded: $2,871.53
• total donations: 1075
• total donors: 245
• days to go: 15
• projects: 44
• donation links: 44 👇
In the last 2 weeks, more than 1500 donations were made with Glo Dollars. ❤️
Over $55,000 in Glo Dollars (USDGLO) will be paid out to 70+ environmental projects.
Big thanks to
@Giveth
+
@RegenToken
+ everyone who donated or participated in the round.
Climate Coordination Network. ❤️
For its
#GG21
Climate Solutions Round,
@climate_program
is paying out $125,000 of matching funds in Glo Dollars.
Amplifying climate impact. Here's how.
Embr 🤝 Rain 🤝 Glo
we've got an impactful case study worth sharing...
@embrdotorg
is using
@raincards
for spending, and wondered if they could use Glo Dollars on Rain's platform.
Rain started supporting Glo, and now Embr uses Glo on Rain.
here's why this holds real weight...
Money should be easy.
And so Glo Dollar should be as simple and low friction as possible…
🥁🥁🥁
📣 We’re partnering with
@holyheld
, a web3 crypto debit card.
How to support Giveth—for free?
If you hold Glo Dollars, you can choose to fund Web3 Public Goods with your Glo Dollars.
Including Giveth. 🌈 ☀️
We chose
@Giveth
as a Funding Recipient for good reasons. Here's how it all works.
Claim 1 Glo Dollar on
@Unitap_app
's Token Tap 🎁
And see how easy it is to fund public goods at no cost.
Funding public goods should be straightforward. Hodling Glo Dollars, it's easy, automatic, and zero-cost 🪄
Claim your Glo Dollar (USDGLO) here →
@raincards
@rooqster
Excited and want to help unlock $7.4B of funding for public goods?
Start by doing this today:
1️⃣ INTEGRATE Glo Dollar in your protocol
2️⃣ HOLD Glo Dollar in your treasury
3️⃣ DONATE to the Glo Foundation
And then DM to join the Glo Consortium 👇
📣 Call for applications: Glo Dollar x
@arbitrum
DAO QF round on Gitcoin.
With $10,000 in Glo Dollar (USDGLO) matching.
We’re rallying all Web3 projects to start embedding philanthropy into their organization.
Details ↓↓↓
We're live on
@gitcoin
's QF Infra on Polygon
#1
round. 🥁
• 1st Polygon Village round for devs developing infra on
@0xPolygonLabs
• 130,000 in MATIC matching funds available
• 22 projects
• from Jan 15 - Jan 25
What these 22 projects do... 👇
📣 Glo Dollar payments are now live on Warpcast.
Thanks to
@payflowme
, you can use Glo Dollars (USDGLO) to pay people on Warpcast—on
@base
, Arbitrum, Optimism.
Embed philanthropy into every gasless, non-custodial txn when you reward someone.
Let's fund more public goods 🌈☀️
📣
@KokonutNetwork
is the first DAO to buy and hold Glo Dollars.
Why this matters:
Ending poverty + Regenerative agriculture = impact*2
More details 🧵
1/5
You decide which causes we support.
1 Glo Dollar = 1 vote.
Fund what matters to you:
- Fighting extreme poverty
- Web3 public goods
- Combating climate change
At zero cost to you.
Try it on
DAO treasuries hold over $32 billion.
if you're interested in
· trends in DAO formations
· DAO treasury management
· tax considerations for DAOs
join our Space w/
@otoco_io
,
@SkylineOTC
&
@Darien_Advisors
.
📅 january 10th, 12:00 ET // 18:00 CET
set reminder ⬇️
Glo Dollar is fiat backed, US regulated.
Indeed: much like USDC.
Except as a holder, you lift people out of extreme poverty.
You don't donate anything! You're just holding a stablecoin.
And yet people in extreme poverty receive more basic income, automagically—because of you.
We proposed allocating $1M of
@MentoLabs
' reserve to Glo Dollar to fund
@CeloPublicGoods
. 🖋️
This move would embed zero-cost philanthropy into Mento's treasury, creating a virtuous cycle for CeloPG funding.
Why this is important for
@Celo
, Glo, and Public Goods...
🎈
@raincards
joins the Glo Consortium.
Glo Dollar (USDGLO) is now a supported asset on Rain 💳
↓
and you can use it to spend in Glo with virtual & physical company cards.
---
why you should consider rain + Glo for your spendings... 👇
So what happens when you buy Glo Dollar?
1. The fiat backing Glo Dollar is invested and earns revenue.
2. We donate 100% of our profits on these investments to public goods and charities.
3. You’re funding public goods at zero cost.
AutoPGF 🪄
we're collecting 68 reasons to donate in
@Giveth
's giv-earth round for builders on
@Celo
.
if you're participating, share in one sentence why people should donate to your project.
Stablecoin companies generate $7.4 billion per year from their reserves.
��
Our approach is different. We funnel 100% of profits to charitable causes.
Using Glo Dollars (USDGLO), you fund your favorite public goods without paying for it.
You decide which causes to support:
-
🥥 More news...
@KokonutNetwork
is the 2nd organization to join the Glo Consortium. 🎉
They were the first DAO to swap part of their stablecoins for Glo Dollars, and will be swapping 50% of the match from the
#GG18
round into Glo Dollars.
Why we're excited ↓
In response to
@VitalikButerin
's blog ()...
Glo Dollar is the stablecoin that funds public goods:
1. Fiat backing Glo Dollar is invested and earns revenue.
2. We donate 100% of profits to public goods.
3. Glo holder funds public goods at no cost.
📣 Glo Dollar 2.0: the stablecoin that funds public goods
Starting today, we're unlocking $7.4B in funding for public goods and charity
Here's how you can help by choosing Glo Dollars instead of e.g. USDT
↓ 🌈 ↓ ☀️ ↓
if you're raising funds in
@Giveth
's earth round, here's one more reason for donors to support you:
@RegenToken
is adding 100x multipliers for your regen score if you:
- donate on giveth
- in glo dollars
- on celo
if you're tagged below, this is for you... 🍄
Why are we supporting
@ProtocolGuild
? ⛓️ 🛡️
100% of our profits are donated to public goods and charitable causes.
Over the next couple weeks, we'll share which public goods, and why + how we support them.
This 👇 is the first in a series of 7.
A friendly reminder!
- Stablecoins are a highly profitable business model.
- They're currently controlled by a corporate duopoly.
- Stablecoin diversification is healthy.
- Glo Dollar embeds philanthropy into your holdings.
🫡
We're pleased to announce: independent attestations of Glo Dollar (USDGLO) are now available, asserting that the value of assets in reserve equals the number of Glo Dollar issued.
No need to trust our word for it anymore: Glo is fully fiat backed ✅
Download the report ↓
Woke up feeling bold and ready to shoot our shot...
Hey
@VitalikButerin
, we're a non-profit creating a stablecoin to end extreme poverty with help from
@GiveDirectly
. We'd love your support.
How about joining our Early Adopter program?
Where's W̶a̶l̶l̶y̶ Web3 Public Goods?
We donate our Web3 proceeds each month to
@ProtocolGuild
,
@Giveth
, and
@gitcoin
.
Next week, we need your vote to decide which deserves a donation boost.
For now, can you find their logos in this image?
It's been a few weeks since
@RebeccaRettig1
and
@0xPolygonLabs
team introduced TheValueProp, a thorough database of unique blockchain use cases. We're still exploring it 🙌
Wanted to share just a handful of innovative projects in the Social impact & Sustainability vertical.
🧵
our team (dutch) made the mistake to watch yesterday's football match with
@MontyMerlin
from
@ReFiDAOist
(brit).
here's a photo of min 90 of the match.
no need to explain who is who.
This morning
@dappcon_berlin
,
@RegenRene
from
@CeloOrg
introduced MiniPay.
@minipay
is a wallet built for Africa & is integrated on its most popular browser Opera, with:
- convenience of web2
- full power of web3
MiniPay went live this week in Nigeria. 🇳🇬
🇨🇴🇨🇴🇨🇴
🎉
@ReFiMedellin
is the first
@ReFiDAOist
local node to join the Glo Consortium.
They've committed to hold at least 15% of their treasury in Glo Dollars.
By holding Glo Dollars in its treasury, it now embeds philanthropy.
🥁 Glo's 2023 in review 🥁
jun: issuing Glo Dollar w
@brale_xyz
aug: Glo Dollar available for purchase
aug: intro'd the consortium (now 30+ members)
nov:
@gitcoin
voted to swap $100K into USDGLO
dec: independent attestations
dec: $2M in market cap
Our 2023 + thoughts on 2024 ↓
🎉
@embrdotorg
joins the Glo Consortium.
Embr is simplifying access to USDGLO, helping us with one-step purchases of $USDGLO using fiat.
More integrations & projects are in the works.
Why we're excited about working with Embr 👇
$2841 was donated in Glo Dollars in
@Giveth
's last QF round—across 112 donations 🌈 ☀️
If you donated in Glo Dollars, thank you for multiplying your philanthropic impact.
QF + AutoPGF = ❤️🔥
We call this AutoPGF —Automatic Public Goods Funding— because it's:
▪ Simple - just hold a stablecoin
▪ Zero-cost - holding a stablecoin is free
▪ Embeddable - in treasuries, card transactions, payroll, etc etc
↑ credits to
@marek_
for coining the term ↓
🗞️ Introducing: Glo Consortium
The Glo Consortium is the group of orgs that believe Glo Dollar is a good idea. Its members want Glo Dollar to succeed.
Consortium members know that a thriving Glo Dollar is:
- good for crypto,
- good for the world,
- an ecosystem initiative.
🧵
We've added a new page to our website featuring our Glo Consortium members, with:
• All members, and how they're embedding philanthropy with Glo
• Info about the Glo Consortium
• Form to express interest in joining
→
Another Glo Consortium member:
@gooddollarorg
🎉
Because giving money to people works.
📣 It's now possible to swap from one philanthropic coin to another, with a G$ <> USDGLO pool on Uniswap (on
@CeloOrg
).
We've got a soft spot for GoodDollar, here's why...
Embedding philanthropy into espresso...
…if it's paid for with Glo Dollar.
Thanks to
@AmmerWallet
team whom we met at
@CeloOrg
's Co:OPERATE (
@EthCC
), (future) Glo holders can now:
pay with card
pay with phone (NFC)
pay with QR
See transaction ☕
We've made our first monthly donation to
@GiveDirectly
. 🥳
Glo Dollar was designed to be a currency that generates basic income for people living in extreme poverty.
We now deliver on that promise.
As our market cap grows, so will our donations.
👇
ReFi DAO joins the Glo Consortium. 🌍
@ReFiDAOist
is a network society regenerating the earth.
They've committed to hold at least 20% of their treasury in Glo Dollars. 💥
And there's more to the story...
a new public goods project just dropped:
@Domino_Fund
is a donation crowdfunding & mechanism design platform for impactful projects.
and... they are embedding Glo Dollar (USDGLO) into their platform to maximize impact.
↓