Glo Dollar (USDGLO) is a fiat-backed US dollar stablecoin. It has about $1.0M in circulation, ranking #220 among the stablecoins CoinScoop tracks, and runs on 8 blockchains.
What is USDGLO?
Glo Dollar (USDGLO) is a fiat-backed US dollar stablecoin. It has about $1.0M in circulation, ranking #220 among the stablecoins CoinScoop tracks, and runs on 8 blockchains.
In the issuer's words: Glo Dollar - USDGLO, is a stablecoin 100% backed by cash and US Treasuries, redeemable 1:1 for US dollars that aims to generate basic incomes for people in extreme poverty.
USDGLO supply history
USDGLO supply fell 6.5% over the past 30 days, to $1.0M. Its peak was $3.8M in November 2024, and supply is 73% below that high.
Is USDGLO holding its peg?
USDGLO is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where USDGLO lives: supply by blockchain
USDGLO is spread across several networks. The largest, Stellar, holds 25% of supply. Check that the token on your chain is the issuer's official contract, not a bridged copy.
How USDGLO is backed
Each USDGLO is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: USDGLO, issued by Brale Inc., and backed by cash, cash equivalents, and short-term U.S. government debt, with Brale ensuring liquidity to meet redemption obligations and managing reserve allocations.
Reserve reports and audits: glodollar.org
USDGLO risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $1.0M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
USDGLO vs USDT and USDC
Similar fiat-backed stablecoins
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USDGLO FAQ
What is USDGLO?
Glo Dollar (USDGLO) is a fiat-backed US dollar stablecoin. It has about $1.0M in circulation, ranking #220 among the stablecoins CoinScoop tracks, and runs on 8 blockchains.
Is USDGLO pegged 1:1 to the US dollar?
USDGLO targets 1 USD. At the last update it traded at $0.9994, a deviation of -0.06%, which we classify as "on peg".
What backs USDGLO?
USDGLO is a fiat-backed stablecoin. Each USDGLO is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is USDGLO on?
USDGLO is live on 8 blockchains. The largest by supply are Stellar ($254K), Base ($245K), Ethereum ($149K).
How much USDGLO is in circulation?
About $1.0M of USDGLO was in circulation at the last update, -6.5% over 30 days. That makes it the #220 stablecoin by supply among those we track.
Is USDGLO safe?
No stablecoin is risk-free. As a fiat-backed design, USDGLO's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.