[riskpeep]

The biggest issue with stable coins at this time is that none of the primary stable coin providers will agree to follow GAAP and have trusted 3rd party audits. As a result, it is hard not to see the whole cryptocurrency ecosystem as a house of cards on an unstable foundation.

Will Glo allow 3rd party audits by an accredited firm? If so, THAT is how you'll get people to switch over.

[glocoin]

Yes, we will allow those. In general we'll aim to be as transparent as possible, which we believe can give us a competitive advantage over other stablecoins [1]. I personally think that being a non-profit helps with being credible in that respect.

1: https://www.globalincomecoin.com/articles/stablecoin

[bb88]

Ok that is today, but what about in the future when your board of directors changes, or your morals change?

Wouldn't it be better to just make a new security fund and then literally create new shares based upon the returns and give them to the poor?

Yes, you'd have to follow SEC rules. But, you'd also appear more legitimate, rather than trying to legitimize yourself with empty promises.