Glo Foundation
“Can a nonprofit stablecoin issuer redirect 100% of reserve yield to public goods at scale, making everyday financial activity automatically philanthropic?”
Founded2022
HQSan Francisco, California, United States
FoundersSeth Green
IndustryFintech / Crypto
The story
Founded in 2022 as Global Income Coin, Glo Foundation pivoted in mid-2022 to a fiat-backed stablecoin model where 100% of reserve yield is donated to public goods and charities. It launched Glo Dollar (USDGLO) in 2023 using Brale as the regulated issuer, differentiating itself from profit-driven stablecoin issuers. In 2024, it upgraded to Glo Dollar 2.0 (AutoPGF), giving holders voting rights over yield allocation. By April 2026, the Foundation announced it was winding down and transferring full program management to Brale, which had already operated the regulated infrastructure.
Last 12 months
Product timeline
2022
Glo Foundation publicly announced as Global Income Coin, pivoting toward a fully-backed stablecoin model that donates yield to GiveDirectly.· pivot
2023
Launched Glo Dollar (USDGLO) stablecoin on Ethereum with Brale as the regulated issuer; reserves backed by cash and US Treasuries.· banking
2023
Deployed Glo Dollar smart contracts on Polygon and Celo in addition to Ethereum; open-sourced the Glo Wallet dApp on GitHub.· banking
2024
Launched Glo Dollar 2.0 (AutoPGF) allowing holders to vote on which public goods organisations receive donated yield.· pivot
2024
Expanded Glo Dollar to Optimism, Base, and Arbitrum; partnered with Giveth, yodl, PWN, and Rain for payments, DeFi lending, and stablecoin-backed credit cards.· banking
2025
Upgraded Glo Dollar contracts on Celo to V4, enabling USDGLO as a gas token; security review conducted by Hals.· banking
2026
Glo Foundation announced wind-down; Brale assumes full management of the Glo Dollar program as neutral infrastructure partner.· acquisition
The stack
Crypto
Accounting gap: none