Global Income Coin

Global Income Coin is building a stablecoin that lifts people out of poverty by providing a basic income. We're a nonprofit startup. Our mission is to eradicate extreme poverty. The stablecoin is called GLO. GLO is the ethical cryptocurrency. We will compete with the current stablecoin incumbents (Tether, USDC), but will also aim for mainstream adoption beyond the crypto world. Ultimately we strive for GLO to be widely used for payments just like the dollar or the euro. GLO will be a fully-backed stablecoin. We will invest our treasuries in short-term treasury bills, then give the proceeds from that investment away to GiveDirectly. This will be the starting point for our vision of a crypto-based UBI. We raised a $2m seed donation from Sid Sijbrandij (GitLab, YC W15) and are hiring broadly to help realize this vision: