Glo Dollar

$1,000,000! 🥳 The Mento Reserve just moved $1 million into Glo Dollars to fund Celo Public Goods. The $1M buy will generate up to $40,000 a year in donations—supporting initiatives like Flowcarbon, ReFi DAO, and Plastiks. All working to build a regenerative economy leveraging the Celo blockchain. Pure, zero-cost philanthropy. The $1M purchase followed a vote on Celo's governance forum: 60 voted "Yes," 4 voted "No." Big thanks to the Mento Community for trusting Glo Dollar. Blog post in the comments. ↓

This month, we’re donating $3,912 to impactful organizations—up from $151 less than a year ago. That’s a 26x increase, driven by the growth of our market cap. 📈 For every additional $1M in Glo Dollar market cap, we unlock around $3,000 in steady monthly donations. Supporting initiatives like: • GiveDirectly: Providing direct cash transfers to the world’s poorest households. • Gitcoin: Funding projects in DeFi, climate solutions, open-source development, and more. • Celo Public Goods: Supporting teams building a regenerative economy on Celo. Check the full list of Funding Recipients in the comments. If you want your Glo Dollars to fund a charity or organization that you care about, let us know.

🇹🇭 Will you be in Bangkok for Devcon? Lets connect if any of these resonate with you: • Embedding zero-cost philanthropy into your organization • Receiving a share of our monthly donations • Exploring L2 stablecoin strategies We'll be giving away Glo Dollars at the New2Web3 session (today, sold out) and at yodl Haus (tickets: https://lu.ma/j0py4xj6). Garm will be speaking at the main event on November 14 at 18:00 (Stage 4) about directing $8 billion toward public goods and charities. He’ll also be on a panel to discuss the evolution of Web3 payments at unStable Summit on November 10 at 17:45 (details: https://lnkd.in/en8rHQ2X).

We now have 2,000+ Glo Dollar users. 🎉 These users are leading the way in zero-cost philanthropy. With over $3.7M in combined holdings, they generate ~$4,000 in monthly donations. If we 5x our users with similar holding levels, we’d generate up to $20,000 in monthly donations for charitable causes and public goods. At no cost to anyone.

This is really cool. More organizations are choosing to pay their donations and grants in Glo Dollars. When you make a regular donation, it's of philanthropic nature already. But when it’s in Glo Dollars (USDGLO), both the transaction and the currency used are philanthropic. 🪄 Hats off to the people involved with BioFi (cc Samantha, Emily, Tyler, Benjamin, Joe, Scott, etc.), Regen Coordination (cc Monty, Luuk, Sejal, Scott, and Izzy, etc.) and the Allo Builders round. Together, these organizations are contributing >$100K in USDGLO towards Gitcoin’s GG22 round. For every $25M donated (and held) in Glo Dollars, we generate ~$1M in extra funds for charitable causes—at no cost to the donor or recipient. If you’re looking to multiply the impact of your donations or grants, use Glo Dollars. We wrote a blog post about it → https://lnkd.in/evkCM4Nd

We are donating ~$40,000 per year to impact projects leveraging Celo to build a regenerative economy. 🌱 If you're involved with any of the these Celo Public Goods and believe you should receive a larger share of the donations, comment or reach out. 1. CarbonPath—cc Tyler, August 2. Circonomy—cc Meg 3. GoodDollar.org 4. Flowcarbon—cc Aditya 5. Plastiks—cc André, Daniel 6. Refi Hub—cc Avery, Christian 7. Toucan—cc Raphaël 8. Senken—cc Adrian, Katya 9. GainForest.Earth—cc David, Sharfina 10. Pact Consortium—cc Marco 11. Citizen Wallet—cc Xavier, Jonas 12. Atem—cc Christoph, Alexandre 13. GreenTrade Impact GmbH—cc Frederick, Dr. Holger 14. Silvi—cc Silvana, Michele 15. Solid World—cc Stenver, Luke 📎 Read the blog post → https://lnkd.in/eJC8yTzp

Our success isn’t measured by market cap, profit, or revenue. It’s defined by one thing: monthly donations made. 📈

We made the leaderboard for Octant's community fundraising round on Gitcoin. It's great that donors are funding the Glo Foundation, enabling us to fund more public goods and charities. Although we’ve yet to publish the official report on our website, we're excited to share that our August donations will exceed $1,700 for causes like GiveDirectly, Giving Green, Gitcoin, Giveth, Celo Public Goods—up significantly from ~$500 in July. 📈 If you donated to the Glo Foundation, thank you. Sharing the leaderboard with partners like growthepie, Regens Unite, and GreenPill.Network is a true privilege.

📰 Our co-founders Jasper and Garm were interviewed by Lukas Fiedler for the first print edition of Onchain magazine, which went out to 20,000 people at Token2049. They talked about how Glo Dollar grew from zero to $2.5 million, with support from the likes of Giveth, Gitcoin, Polygon Labs, and Shutter. They also shared more about our organization’s history, where Glo Dollar is headed, and which challenges we’re facing. The Glo Dollar interview sits between features on the two stablecoin giants, with Circle CEO Jeremy Allaire and Tether CEO Paolo Ardoino. The magazine also features other impactful ventures, like Lucas Zaehringer’s Positiveblockchain.io and Adrian Wons’ Senken. Thank you Max, Lukas, Michal, Ruth, Arin, and team from the Onchain Foundation for giving us the opportunity to spotlight Glo Dollar and our zero-cost philanthropy model.

📍 TOKEN2049, Singapore Our team is heading to Singapore next week for Token2049! Want to discuss zero-cost philanthropy, your stablecoin strategy, funding public goods in your ecosystem, or something else? DM us or reach out to Bram to schedule a coffee. P.S. Our expenses (hotels, flights, that coffee ↑) are paid in Glo Dollars.