jeffmgic

Stablecoins offer a lot of utility already. Glo will be fully-backed by reserve assets to maintain stability. This is much different than stablecoins you might consider not so trustworthy.

Blockchain allows a new form of money to be created and used in a very efficient manner. There is no need to build out new financial infrastructure or payment network to use this new form of money. Blockchains have proven to be trusted forms of ledgers.

If we were to cease operations, we'd ensure that every Glo stablecoin outstanding is still redeemable for $1.

We are taking extreme care in our development to prevent any potential vulnerabilities in the stablecoin itself and the processes we incorporate as an organization.

We have expertise around managing funds and are also looking to add talent in that domain.

Treasuries will be liquidated to make sure redemption demand is met. We have no profit incentive to take any liquidity risk with reserve assets. The breakdown between USD and treasuries will be real-time transparent. At smaller market caps, we'll have to lean towards greater liquidity. At larger market cap, we'll conservatively estimate a trustworthy composition of assets.

Global Income Coin will exist solely for the benefit the mission.