Company Information

Get to know Glo Dollar

Glo Dollar is a stablecoin (pegged 1:1 to the US dollar) issued by the Glo Foundation, a non-profit entity. The project's mission is to create a new, sustainable funding source for public goods by leveraging the mechanics of stablecoin reserves. The fiat currency backing the Glo Dollar is invested in low-risk assets like US Treasury bills. Instead of keeping the interest generated (the "yield"), the Glo Foundation donates 100% of this revenue to charitable organizations, primarily GiveDirectly, to provide basic income to people living in extreme poverty. The project was founded by former DeFi developers with the goal of embedding a social mission directly into a financial instrument.

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Glo Dollar

United States

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.