Episode 151 - Glo Dollar - Unlocking billions in public goods funding with stablecoins

Crypto Altruists: Real-World Stories of Social & Environmental Impact with Web3

In episode 151, we’re excited to welcome Garm Lucassen, CTO and Co-Founder of Glo Dollar, a stablecoin dedicated to unlocking $7.4B a year in funding for public goods and charity. We discuss how stablecoins can be leveraged to embed philanthropy into everyday transactions, the concept of Auto Public Goods Funding (or AutoPGF), the roadmap ahead for Glo Dollar, and much more.

--Three Key Takeaways--

• Large stablecoin issuers bring in billions of dollars in profits each year by investing the fiat backing the stablecoin. Instead of these profits going to corporations and their shareholders, Glo presents an alternative that allows the profits to be sent to public goods projects and charities.
• AutoPGF (Public Goods Funding) is a mechanism that uses transaction fees to fund public goods projects. It is “Automatic” because users don’t have to change their daily habits to fund public goods, it just happens automatically based on their day-to-day transactions.
• $7.4B is the estimated profit made by stablecoin issuers. As the space continues to grow, and stablecoins become essential in every day life, this number is expected to increase. As Glo Dollar becomes more ubiquitous by introducing new use cases like payment rails, credit cards, and off-ramps, they can start to compete with fiat currencies such as the US Dollar, creating tremendous opportunities to bring in substantial funds for public goods.

--Full shownotes with links available at--
https://www.cryptoaltruism.org/blog/crypto-altruism-podcast-episode-151-glo-dollar-unlocking-billions-in-public-goods-funding-with-stablecoins
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--DISCLAIMER --
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity, before making an investment. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More on the disclaimer at cryptoaltruism.org.