Glo
Glo Foundation operates Glo Dollar (USDGLO), a US-regulated, fiat-backed stablecoin issued by Brale Inc. across seven blockchains, whose US Treasury reserve yield is donated 100% to charities chosen by holders via onchain one-token-one-vote governance.
- Company typePrivate
- Founded2022
- HeadquartersSan Francisco, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Glo does
Glo Foundation is a non-profit Public Benefit Corporation, founded in 2022 (originally as Global Income Coin) and headquartered in San Francisco with a remote-first team, that operates Glo Dollar (USDGLO) — a fiat-backed stablecoin issued by Brale Inc. (NMLS ID #2376957) and deployed across Ethereum, Polygon, Celo, Optimism, Arbitrum, Base, and Stellar. Each token is backed 1:1 by cash and short-term US Treasuries, with monthly independent reserve attestations; the yield earned on those reserves is donated 100% to public goods and charities selected by holders via onchain one-token-one-vote governance (Automatic Public Goods Funding). Smart contracts have been audited by Certik, 0xmacro, AfterDark Labs, and Hals across V1–V4 upgrades, the most recent enabling USDGLO to function as a gas token on Celo.
Glo's go-to-market combines product-led growth (self-serve Uniswap purchases across multiple chains, direct issuance via Brale for US businesses in 40+ states, OTC desks including Blockchain.com and Keyrock) with community-led philanthropy marketing. The company serves individual retail holders seeking to fund causes passively, businesses managing treasury or payroll in stablecoins while meeting ESG mandates, and Web3 organizations/DAOs joining the Glo Consortium. Planned products include Glo Cards (USDGLO-collateralized credit cards via Rain) and Glo Payroll integrations. Capital structure consists of a $2 million seed investment from GitLab CEO Sid Sijbrandij in April 2022 plus ongoing donor funding through fiscal sponsor Global Impact. As of April 2026, the Glo Foundation announced it is winding down, with issuer Brale assuming management of the Glo Dollar program going forward.
Glo firmographics
Firmographics- Name
- Glo
- Legal name
- Glo Foundation
- Website
- https://glodollar.org
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Glo Foundation operates Glo Dollar (USDGLO), a US-regulated, fiat-backed stablecoin issued by Brale Inc. across seven blockchains, whose US Treasury reserve yield is donated 100% to charities chosen by holders via onchain one-token-one-vote governance.
- Ownership category
- akta.pro rank
Where Glo is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Glo business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Interest on Fiat Reserves (US Treasuries): For each Glo Dollar in circulation, at least $1 of cash and/or US Treasuries backs the token. US Treasuries earn interest, which is the primary revenue stream. Brale retains 100% of earnings on the first $2M of assets backing Glo Dollar. Beyond $2M market cap, the Glo Foundation receives an increasing share of earnings, which is donated 100% to charitable causes. Revenue share is transferred onchain monthly by Brale to Glo Foundation.
- Donor Funding: Glo Foundation receives fiscal sponsorship through Global Impact and is generously funded by donors. The foundation has received $2 million from GitLab CEO Sid Sijbrandij to launch its operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Glo Dollar (USDGLO) — 1:1 stablecoin |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
Glo product offering
Product offeringCore offering
Glo Foundation operates Glo Dollar (USDGLO), a US regulated, 1:1 fiat-backed stablecoin issued by Brale Inc. and backed by cash and short-term US Treasuries with monthly independent reserve attestations. The token is deployed across Ethereum, Polygon, Celo, Optimism, Arbitrum, Base, and Stellar, and 100% of yield earned on reserves is donated to charities and public goods causes selected by token holders (1 USDGLO = 1 vote). A companion web app at app.glodollar.org enables holder management and voting, with Glo Cards (via Rain) and Glo Payroll integrations in development for everyday spending and salary payment.
Product overview
Glo offers a suite of products centered on Glo Dollar (USDGLO), a fiat-backed stablecoin that funds public goods. The core product is the Glo Dollar token, available across 8 blockchain networks (Ethereum, Polygon, Celo, Optimism, Base, Arbitrum, Stellar, and formerly VeChain), paired with a web application for managing holdings and selecting charitable recipients. The ecosystem includes Glo Cards for credit card spending, Glo Payroll for salary payments, and the Glo Consortium for partner organizations. All products share the common mission of generating charitable funding through stablecoin holding at zero cost to users.
Differentiator
Problem solved
Functional benefit
Products and services
- Glo Dollar (USDGLO) A US regulated, fiat-backed stablecoin (USDC-like) pegged 1:1 to the US dollar, fully backed by cash and short-term US Treasuries, with monthly independent reserve attestations. Issued by Brale Inc. across Ethereum, Polygon, Celo, Optimism, Arbitrum, Base, and Stellar. Targets individual holders, US businesses, and Web3 organizations seeking a stable digital dollar that funds public goods.
- Glo App Web application for managing USDGLO holdings, selecting charitable funding recipients, and casting governance votes (1 Glo Dollar = 1 vote) on public goods causes. Targeted at individual token holders.
- Glo Consortium Membership program for organizations holding or building with Glo Dollar, offering partnership, ecosystem benefits, and collaborative access. Targeted at Web3 protocols, DAOs, and mission-aligned organizations.
Quantifiable outcome
- Donates over $2,000/month to public goods organizations
- +3 more outcomes
Companies that use Glo
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Glo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature6 records
Glo partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, flagship and minor.
- Brale Inc.coreBrale Inc. (NMLS ID #2376957) serves as the issuer of Glo Dollar, responsible for maintaining adequate liquidity, reserve management (cash and US Treasuries), compliance, and monthly reserve attestations. Brale retains 100% of earnings on the first $2M of backing assets. Beyond $2M market cap, Glo Foundation receives increasing revenue share. As of April 2026, Brale assumed management of the Glo Dollar program as the Glo Foundation winds down.
- Global ImpactcoreGlobal Impact provides fiscal sponsorship to the Glo Foundation (a Public Benefit Corporation). This enables the foundation to receive tax-deductible donations and operate with institutional backing.
- RainflagshipRain is developing Glo Dollar-backed credit cards (raincards.xyz). Glo Dollar holders can use cards collateralized with USDGLO for everyday purchases, generating public goods funding through spending.
- 1Kontominor1Konto serves as an OTC desk for purchasing and selling USDGLO, providing an alternative channel for institutional and high-volume buyers.
- Skyline DigitalminorSkyline Digital serves as an OTC desk for purchasing and selling USDGLO.
- KeyrockminorKeyrock serves as an OTC desk for purchasing and selling USDGLO, providing liquidity access for institutional buyers.
- Blockchain.comminorBlockchain.com serves as an OTC desk for purchasing and selling USDGLO, leveraging its established crypto exchange infrastructure.
- GiveDirectlycoreGiveDirectly is the default funding recipient for Glo Dollar yield, directing funds to impoverished African villages ($30/month for 3-5 years). Glo's economic model invests reserves in short-term Treasury bills and gives proceeds to GiveDirectly.
- VeChain FoundationminorGlo Dollar launched on VeChain in March 2025. VeChain Foundation provided support for the integration. Partnership was discontinued as of January 1, 2026 due to limited adoption and resource allocation. USDGLO holders can convert tokens to USDC via BetterSwap/Wanchain until end of 2025.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Glo competitors and assessment
Company assessmentDirect peers
- Circle (USDC): Issuer of USDC, the largest regulated fiat-backed stablecoin. Directly comparable to Glo Dollar as a US-regulated, 1:1 redeemable, Treasury-backed stablecoin with monthly attestations; Glo differentiates on the 100% yield-donation mechanism.
- MakerDAO (DAI): Decentralized stablecoin protocol with crypto- and RWA-backed DAI. Shares the Web3-native distribution model and multi-chain footprint, with comparable DeFi integrations.
- Aave (GHO): Protocol-issued stablecoin by Aave. Explicitly named in Glo's Bluechip comparison and competes in the same decentralized, onchain-governance stablecoin category.
- Frax Finance: Issuer of the FRAX stablecoin, explicitly referenced in Glo's Bluechip rating comparison. Operates a similar hybrid algorithmic/fiat-backed stablecoin with onchain governance.
- TrueUSD (TUSD): Regulated fiat-backed stablecoin explicitly referenced in Glo's Bluechip comparison as a similarly-positioned competitor in the compliant stablecoin niche.
Broad incumbents
- Tether (USDT): Largest stablecoin by market capitalization. Operates a similar fiat-backed model with reserve yields, providing the dominant incumbent Glo is benchmarked against in Bluechip's safety ratings.
- PayPal (PYUSD): Issued by Paxos for PayPal, PYUSD is a US-regulated, fiat-backed stablecoin with consumer distribution through the PayPal/Venmo rails — comparable architecture but vastly larger distribution.
Emerging players
- Reserve Protocol: Decentralized stablecoin platform with RSR token; competes in the algorithmic/fiat-backed stablecoin space with a similar mission-driven, Web3-native positioning.
Others
- Gitcoin: Quadratic-funding platform for Web3 public goods. Glo currently donates to Gitcoin as a funding recipient and is comparable as a public-goods funding mechanism, though Glo redirects Treasury yield versus Gitcoin's donor-funded matching pool.
- Giveth: Web3-native donation and public-goods funding platform. Receives Glo Dollar donations and is comparable in mission around borderless, onchain charitable giving.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Glo social profiles
Digital presenceGlo compliance and trust
Trust signalCompliance2 records
Glo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Glo leadership team
Management profileNumber of profiles
Glo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Glo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Glo
What does Glo do?
Glo Foundation operates Glo Dollar (USDGLO), a US regulated, 1:1 fiat-backed stablecoin issued by Brale Inc. and backed by cash and short-term US Treasuries with monthly independent reserve attestations. The token is deployed across Ethereum, Polygon, Celo, Optimism, Arbitrum, Base, and Stellar, and 100% of yield earned on reserves is donated to charities and public goods causes selected by token holders (1 USDGLO = 1 vote). A companion web app at app.glodollar.org enables holder management and voting, with Glo Cards (via Rain) and Glo Payroll integrations in development for everyday spending and salary payment.
Is Glo a public or private company?
Glo is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Glo founded?
Glo was founded in 2022. It employs 11 to 50 people.
Where is Glo based?
Glo is headquartered in San Francisco, United States, in the North America region.
How does Glo make money?
Two revenue lines are on record. Interest on Fiat Reserves (US Treasuries) is the primary driver. The others are donor Funding.
Who are Glo's main competitors?
Direct peers on record are Circle (USDC), MakerDAO (DAI), Aave (GHO), Frax Finance and TrueUSD (TUSD). Broad incumbents are Tether (USDT) and PayPal (PYUSD). Reserve Protocol is listed as an emerging player. Others are Gitcoin and Giveth.
Does Glo have an API?
No public API is recorded for Glo.