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

Blockchain analytical firm Kaiko reported that Ripple’s XRP is the top-traded altcoin for this year, with its trading volume exceeding $150 billion.

XRP’s trading volume completely dwarfs that of other altcoins rival significantly, with the closest being Solana’s SOL, recording about $100 billion. Others like Dogecoin (DOGE), Binance Coin (BNB), and Polygon’s MATIC complete the top five, with more than $50 billion traded each.