Nonprofit organization Glo has announced the Aug. 2 launch of Glo Dollar, a regulated stablecoin with an ambitious goal: leveraging cryptocurrency yields to lift millions out of extreme poverty.

CryptoSlate spoke with Jasper Driessens, Co-Founder of Glo, about the project’s goals and how it leverages traditional finance to fund a non-profit stablecoin.

Leveraging Treasury yields to combat poverty

A recent report from data analytics firm Kaiko revealed decreased trading activity for AI-related tokens.

The report analyzed weekly trading volumes for some of the most popular AI-related tokens, such as Fetch.ai (FET), Injective (INJ), Oasis Network (ROSE), Render (RNDR), SingularityNET (AGIX), and The Graph (GRT). According to Kaiko’s findings, these tokens have experienced the lowest weekly trading volume since the beginning of the year.

Data from CryptoSlate also reflects the struggles of the AI token sector to maintain its momentum. Evaluations of the top five AI coins by market cap indicate a relatively flat performance, with these tokens recovering most of their losses from the previous week.

However, despite these price recoveries, it is critical to remember that price is not always an accurate measure of overall performance; trading volume often provides a more telling gauge of a token’s vitality.