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Glo Dollar
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Glo Dollar
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Description
Glo Dollar is a fiat-backed stablecoin designed to combat extreme poverty by donating all its interest earnings to provide basic income for those in need. Overseen by the Glo Foundation's governance council, it ensures security with hardware wallets and succession plans. The unique AutoPGF model directs reserve yields to public goods and charities. Glo Dollar raised $2 million from Sytse Sijbrandij.
Value Proposition
Glo Dollar offers a unique value proposition by combining financial stability with social impact. It is a fiat-backed stablecoin designed to fight extreme poverty through a zero-cost philanthropy model. Unlike traditional stablecoins, Glo Dollar donates 100% of its interest earnings to provide a basic income to people living in extreme poverty.
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