🚀 Glo Dollar is officially live on @vechainofficial !
Glo Dollar will fund the VeBetterDAO treasury, driving ecosystem growth for sustainability projects 🤝
Here’s how it works:
💰 Profits from Glo Dollar go to the VeChain Foundation
🔄 The Foundation directs these funds to VeBetterDAO
♻️ VeBetterDAO funds and rewards sustainability initiatives on VeChain
🌍 This creates a ♾ cycle where stablecoin adoption directly supports ecosystem growth.
🎉 Glo Dollar (USDGLO) is live on @juicyfinance_io on @vechainofficial.
You can now lend, borrow, or use it as collateral, all while supporting public goods, including the VeBetterDAO.
Let's break it down 🧵
Tomorrow we’re chatting with @TheSolarWise, who makes solar energy investment accessible by letting anyone co-own solar panels through tokenized assets, tracked transparently on @vechainofficial
👀 And soon you’ll be able to use USDGLO to do it
nitter.app/i/spaces/1vOxwXYleAgKB
On @vechainofficial, Glo Dollar funds VeBetterDAO
On @Celo, it funds Celo builders
On @StellarOrg, it funds humanitarian aid
More Glo Dollar adoption = more profits being redistributed back into the ecosystem 🌱
Are you building on @vechainofficial or thinking about it?
Join @PaullyTVvet and us later today to hear how we’re supporting positive-sum outcomes in the VeChain ecosystem—while bringing a mission-driven stablecoin into the mix 🤝
The long awaited arrival of a stable coin on @vechainofficial has come…and we get a chance to meet the team behind @glodollar! Join the convo and let’s learn more about what the community can expect from this launch moving forward nitter.app/i/spaces/1yNGaLEOjNXKj
A year ago we launched Glo Dollar 2.0.
Since then, we've made 60+ donations to orgs like @gitcoin, @artizen, @CeloPublicGoods, and @GiveDirectly.
This thread is about why we support them—and how using Glo Dollars is the easiest way to do the same, at no cost.
We are supporting @vechainofficial Builders 🚀
🌱 VeBetterDAO gets continuous treasury funding from Glo Dollar profits
⚡ More resources for builders & projects
📈 New stablecoin liquidity strengthens DeFi & dApps
Supports sustainability initiatives like:
✅ Paying users for green actions (@cleanify_vet , @mugshot_vet , @greencart_vet and many more)
✅Treasury funding for dApps and builders
✅ Future partnerships with sustainability-driven projects
Just published our May donations: $3,433 this month.
18 months ago, we were donating $151/month. That’s a 22x increase.
Let’s do it again. Let's get to $75K/month.
And push more funding to the orgs and public goods that actually move the needle.
Big thanks to @Giveth, @blockscout, @OSObserver, and @gitcoin for sharing the stage with @garmrdotcom at @schellingpoint_ for the Builders Spotlight panel!
We are excited to see Gitcoin’s new multi-mechanism grant programs in GG23 ⚡️
We also loved seeing 3 Glo Dollar hats on stage 👀
How Glo Dollar works:
For every $1 USDGLO on-chain, there’s $1 backing it off-chain:
✅ Fully backed & US-regulated
✅ Reserves held in US Treasury Bills, earning a profit
✅ All profits go to sustainable causes—on VeChain, they fund VeBetterDAO.
🔴 Kicking off 2025 w more funds for @Optimism builders. 🔴
Tomorrow, applications open for our OP @gitcoin round for builders who:
▪ integrated Glo Dollar into their OP dapp/platform, or
▪ hold at least 10% or $1000 of treasury on Optimism in USDGLO
Apply ↓
5 rounds 🔥 dozens of public goods projects, with $167K in Glo Dollar on the table 🌱
Join us and @CeloPublicGoods as we highlight the incredible projects in these GG23 Celo rounds 🌍
nitter.app/i/spaces/1eaKbWwzaOXGX