Glo Development Foundation
The Glo Foundation is creating a sustainable funding mechanism for lifting people out of extreme poverty with the launch of a fiat backed stablecoin called Glo Dollar ($USDGLO). Organizations and individuals opting to hold and use USDGLO in their day to day financial transactions embed philanthropy into their operations and activities without having to donate. At scale, we expect that every $20,000 of USDGLO in circulation will generate enough income to lift one person out of extreme poverty. A $20 billion market cap (~15% of stablecoin market share) will lift one million people out of extreme poverty every year.