[USDGLO]

Glo Foundation

Grade
B
Date of Rating:
April 5th, 2024
Last Change:
April 5th, 2024
SMIDGE Scores
[S] Stability
[M] Management
[I] Implementation
[D] Decentralization
[G] Governance
[E] Externals
[S]
N/A
[M]
N/A
[I]
N/A
[D]
N/A
[G]
N/A
[E]
N/A
USDGLO Price
Last Update:
04/06/57537 00:40:00
$0.999366
Market Cap
$3,391,804
24h Volume
$37,343
Collater­alization
100%
Type of Peg
Fixed - To Fiat
Type of Backing
Fiat
Data provided by
Coingecko
SMIDGE Scores
[S] Stability
[M] Management
[I] Implementation
[D] Decentralization
[G] Governance
[E] Externals
[S]
-
[M]
-
[I]
-
[D]
-
[G]
-
[E]
-
Core Team
  • Hidden Name
  • Hidden Name
Native Chains
  • Chain
Links
[S]
[M]
[I]
[D]
[G]
[E]
0.00
0.00
0.00
0.00
0.00
0.00
Glo Foundation
B
  • Glo Dollar (USDGLO) is a dollar-backed stablecoin marketed by the Glo Foundation, a Public Benefits Corporation in the US. USDGLO is issued by Brale Inc., a tech company offering Stablecoins-as-a-Service. Brale Inc. offers its products under various U.S State’ Money Transmitter licenses.
  • Yield generated from USDGLO reserves are used to fund public goods.
  • The reserves comprise US Treasury debt and cash deposits in fully segregated accounts, but these are unlikely to be bankruptcy-remote.
  • USDGLO is a niche stablecoin with a limited market presence. It is appropriate for users who would like to support public goods while holding stablecoins.

Glo Foundation
Stability

The Stability factor is evaluated on the following:

  1. Reserves Management - Quality, quantity, storage and segregation of reserve assets
  2. Market Feedback - Indicators of market's confidence in a stablecoin derived from price and trade data 
  3. Mechanism - Stabilization methods that protect the stablecoin 
Glo Foundation
Management

The Management factor is evaluated on the following:


1. Restrictions - What deterrents exist to prevent key personnel of stablecoin projects from unethical and illegal behavior?
2. Negative Track Record - Have key personnel been involved in scams, frauds or other illegal activities?

Glo Foundation
Decentralization

The Decentralization factor is evaluated on the following:

  1. Platform Censorship Risk
  2. Custodian Risk
  3. Type of Collateral
  4. Diversified voting Power
  5. User Censorship Risk
Glo Foundation
Governance

The Governance factor for fiat-backed stablecoins is evaluated on the following:

  1. Holder Protection - What rules, statutes, or codes exist to protect the interests of stablecoin holders?
  2. Reserves Verification - What checks are done to ensure the existence of reserves?
  3. Redemptions - Do issuers have transparent and reasonable redemption terms?