Global Income Coin

Global Income Coin is a nonprofit startup striving to give every human on earth a dollar a day of income. We're launching a new coin called GLO, intended to be 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.