Glo can be used like any other stablecoin, but it also enables a new crypto use case: donationless philanthropy. Like other stables, Glo Dollar makes money from the interest on the fiat reserves. The difference: the Glo Foundation does not make profits. Instead, they donate 100% of the interest received to GiveDirectly, the world’s fastest-growing charity. They provide basic incomes for people living in extreme poverty, in countries such as Kenya.
