This interview is a part of our on-going series, where we highlight our epoch 3 participants.
What's Glo Dollar?
Glo Dollar (ticker: USDGLO) is the stablecoin that funds public goods. Stablecoin companies generate up to $7.4 billion annually from their stablecoin reserves. Our approach is different—we funnel 100% of our profits to charitable causes and public goods.
Why should Octant users vote for Glo Dollar in epoch 3?
Helping Glo Dollar raise funds means we can team up with more partners and keep Glo Dollar growing. And when Glo Dollar grows, it means more funding for public goods.
Your project is interesting because:
We’re unlocking $7.4B in yield made from stablecoins to go toward public goods, with which we grow the web3 ecosystem versus instead of extracting it for gains. Glo Dollar is now a $2.5M stablecoin. We're confident that we can scale to a $24 million market cap in 2024, which would generate up to $1,000,000 in public goods funding per year. We’re enabling Glo Dollar users to sprinkle philanthropy into everyday purchases with Glo Dolar backed credit cards (more here). Glo Dollar recently received its Bluechip stablecoin safety rating, with an initial B grade. We’re now a top 10 fiat-backed stablecoin, deemed safer than the likes of Tether’s USDT and FRAX.
Progress in the last 3 months:
- We’ve updated the Glo Dollar to Glo Dollar 2.0: the stablecoin that funds public goods (more here).
- Grown to a $2.5M market cap and expanded to 7 chains.
- More organizations are holding Glo Dollars, and we’ve added many organizations to the Glo Consortium such as Gitcoin, ReFi DAO, and Bankless Academy.
- We ran our own grants round with matching funds disbursed in Glo Dollars–over 400 unique donors contributed.
➡️ Follow on X at @glodollar
➡️ Read the Glow Dollar update on our forum
☀️ Vote for Glo Dollar this epoch
