Glo
Curated by SignalFiat-backed stablecoin enabling funding for basic income initiatives.
Overview
Glo operates in the fintech sector by offering Glo Dollar, a fiat-backed stablecoin intended to address extreme poverty through various funding mechanisms. Glo Dollar is fully backed 1:1 by cash and US Treasuries, which aims to provide stability and ensure regulatory compliance in the United States. The platform allows access to Glo Dollar via both decentralized and centralized exchanges, with plans to increase its availability. Glo generates revenue from the stablecoin, which is intended to support basic income initiatives for individuals in extreme poverty, while also promoting the application of blockchain technology in philanthropic efforts.
Key facts
- Founded
- 2022
- Headquarters
- San Francisco, United States
- Stage
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- Industry
- Financial Technology
- Sector
- Decentralized Finance
Tags
Business model
- 4 products and services
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- Commercial model
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Contact
- Primary office
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