Thanks for the great questions! Find answers below, let me know if you have any further questions :-)
1. Our issuing partner is Brale.xyz, a US regulated stablecoin company by Ben Milne, the founder of Dwolla. Brale works with partners on their end to invest in US Treasuries. More info here: https://www.glodollar.org/articles/brale-and-the-glo-foundat...
On audits: we're working with a big 4 auditor on audit readiness. Our goal is to publish audits regularly and be fully transparent in both our operations and treasury holdings. Brale will publish monthly attestations of the assets backing Glo Dollar, and we will have audit rights over those assets on a periodical basis as well.
2. While US Treasuries indeed have a maturity date, treasuries with a maturity date of up to 3 months are considered a "cash equivalent" because their market is so liquid. Because of this, they can easily be exchanged for cash in the event a lot of people want their cash back at once.
3. Glo's per-dollar impact is low at first. As adoption grows, it ramps up. At scale, we expect to lift 1 person out of extreme poverty per $20,000 of Glo Dollar market cap by generating approximately $480 in interest that we can donate to GiveDirectly. We're not there yet, as we need to ramp up market cap beyond $2m first. More info here: https://www.glodollar.org/articles/from-bootstrap-to-high-im...
4. Stablecoins provide actual utility to crypto traders (hence why there are $125B of them in circulation). So our thinking is that we can drive adoption by meeting traders where they are. We also think that Glo Dollar’s philanthropic mission will give it an edge for IRL stablecoin adoption. More on that here: https://www.glodollar.org/articles/vision-and-growth-strateg...
1. Our issuing partner is Brale.xyz, a US regulated stablecoin company by Ben Milne, the founder of Dwolla. Brale works with partners on their end to invest in US Treasuries. More info here: https://www.glodollar.org/articles/brale-and-the-glo-foundat...
On audits: we're working with a big 4 auditor on audit readiness. Our goal is to publish audits regularly and be fully transparent in both our operations and treasury holdings. Brale will publish monthly attestations of the assets backing Glo Dollar, and we will have audit rights over those assets on a periodical basis as well.
2. While US Treasuries indeed have a maturity date, treasuries with a maturity date of up to 3 months are considered a "cash equivalent" because their market is so liquid. Because of this, they can easily be exchanged for cash in the event a lot of people want their cash back at once.
3. Glo's per-dollar impact is low at first. As adoption grows, it ramps up. At scale, we expect to lift 1 person out of extreme poverty per $20,000 of Glo Dollar market cap by generating approximately $480 in interest that we can donate to GiveDirectly. We're not there yet, as we need to ramp up market cap beyond $2m first. More info here: https://www.glodollar.org/articles/from-bootstrap-to-high-im...
4. Stablecoins provide actual utility to crypto traders (hence why there are $125B of them in circulation). So our thinking is that we can drive adoption by meeting traders where they are. We also think that Glo Dollar’s philanthropic mission will give it an edge for IRL stablecoin adoption. More on that here: https://www.glodollar.org/articles/vision-and-growth-strateg...
Happy to answer any other questions!