what's Glo Dollar?

Glo Dollar (USDGLO) is a stablecoin pegged 1:1 to the US dollar and backed by fiat reserves. It differentiates itself by directing 100% of its revenue—generated from reserve yields and protocol fees—to the Glo Foundation, which funds public goods and charitable causes worldwide. Holders contribute to philanthropy passively by simply holding the asset in their wallets, unlocking potential funding for social impact without sacrificing stability or usability in DeFi. Built for seamless integration into decentralized finance, Glo Dollar supports minting, redeeming, and transactions across compatible blockchains. Its model embeds values into money, promoting crypto's positive perception while providing a reliable medium of exchange and store of value akin to other major stablecoins.

Glo Dollar is available as collateral on Morpho via Featherland vaults, alongside EURm.