Glo Dollar: An RWA-Based Stablecoin Fighting Extreme Poverty

Bittime - The crypto world now has innovations that not only focus on technology, but also have a social impact. Glo Dollar is present as a stablecoin that offers price stability like fiat money, but with a noble mission: fighting extreme poverty.

Real World Asset (RWA) Backed Stablecoins

Glo Dollar is a stablecoin category that is backed by real assets (Real-World Asset/ RWA ). The real assets that guarantee the value of the Glo Dollar are public debt instruments, particularly short-term United States government bonds (US Treasury).  

Each unit of Glo Dollar (USDG) has an exchange rate pegged at 1:1 with the United States dollar (USD).

Check Today's Crypto Market:

Glo Dollar Social Mission

Glo Dollar was developed by the Glo Foundation, a non-profit organization focused on eradicating extreme poverty. This is the uniqueness and main added value of Glo Dollar:

• Donations to the Basic Income Program: A portion of the income generated from Glo Dollar's asset reserves is allocated to the basic income program managed by GiveDirectly. This program provides direct financial assistance to people who are in extreme poverty.
• Transparency and Regulation: Glo Dollar operates in accordance with regulations in the United States. In addition, the Glo Foundation transparently publishes financial reports and information regarding the use of funds for social programs.

By using Glo Dollar, you not only transact with stable stablecoins, but also contribute to poverty alleviation efforts.

Also Read How to Buy Crypto:

Glo Dollar Technology and Accessibility

Glo Dollar is built on public blockchains, such as Ethereum, Celo , and Polygon . This ensures high transparency, security and accessibility for its users.

Some of the advantages of Glo Dollar technology:

• Non-custodial: Users have full control over the Glo Dollars they own, without the need for third-party intermediaries.
• Multi-chain: Glo Dollar is available on multiple blockchains, providing convenience and flexibility for its users.

Glo Dollar Ecosystem in the Future

Glo Dollar offers a breakthrough in the stablecoin space by combining price stability, transparency, and a social mission with real impact. The presence of Glo Dollar is expected to encourage wider adoption of cryptocurrencies, as well as contribute to achieving sustainable development goals (SDGs) related to poverty alleviation.

Apart from investing, you can also use Glo Dollars for various financial transactions, such as:

• International fund transfers with low fees
• Store asset value stably
• Make donations to crypto-based social organizations

Glo Dollar is an innovative and socially impactful stablecoin. By participating in the Glo Dollar ecosystem, you are contributing to building a more inclusive and just financial future.

Check Crypto Prices Today:

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Latest RWA Opportunities: Can Now Be Invested in Small Denominations with Tokenization

Tangible: Breaking the Real-World Asset (RWA) Investment Deadlock with Tokenization

HomeCoin: An Innovative Real-World Asset (RWA) Based Stablecoin

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.