<aside> ✉️ March 21, 2:31 PM CET. Sent to All.

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Hi everyone,

Hope everyone’s week is starting off well. I first want to mention an interesting call I had on Friday. It was with a payments startup that solely uses stablecoins for money transfers. They are looking to diversify the stablecoins used within their payments platform. They reached out thinking Glo would be a great option and were excited about both our mission and the potential for Glo to be a highly trusted alternative to USDC and USDT. I think it’s important to mention this because it highlights the fact that we’re building the type of stablecoin that companies want and that our messaging is making the kind of impression that leaders of a company notice and see as a viable option for a vital component of their business. Keep this in mind as we work through the challenges of launching a fiat-backed stablecoin in a robust regulatory environment. And keep up the great work of spreading the word and crafting our messaging in a way that both inspires people to join our mission and communicates a high level of trust.

We continue to explore different options for getting to market as soon and widely as possible. This past week we worked on identifying a few paths we can take that include both our current partners and potentially new ones. By the end of this week the goal is to have a clear understanding of an optimal setup and path forward.

While we work on our implementation, we will continue to push forward with efforts to generate early market cap growth within DAO treasuries. Alex, Bram, and Jasper are working to identify and engage with point persons at DAOs to start the process of creating proposals and getting their communities interested in adopting Glo as part of their treasury holdings. We hope to have a solid list of 15 DAOs and key people identified by the end of the week. Keep promoting the early adopter program too!

One the nonprofit side of things, we’re working on getting the organization and company structure ready to apply for 501c3 status. We are also ramping up fundraising outreach. We will start working with Global Impact advisory services this week to help us build our capacity to fundraise more quickly.

We have several initiatives going on at once, each with their own unique challenges. This is because of the type of product we’re building and the fact that we’re wanting to operate as a nonprofit. This is not an easy startup to build, so I appreciate all the hard work in navigating the different challenges we face. Remember the mission and keep up the great work!

Thanks,

Jeff