Glo Dollar (USDGLO) on Stellar

Glo can be used like any other stablecoin, but it also enables a new crypto use case: donationless philanthropy. Like other stables, Glo Dollar makes money from the interest on the fiat reserves. The difference: the Glo Foundation does not make profits. Instead, they donate 100% of the interest received to GiveDirectly, the world’s fastest-growing charity. They provide basic incomes for people living in extreme poverty, in countries such as Kenya.

Project Type
Financial Protocols
Total awarded
Core team
Jeff Milewski
Jeff Milewski

*The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on the day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker XLMUSD_RR) (available at Learn more in the SCF Handbook.

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