For starters, there already is a use case for stablecoins like Glo. The current stablecoin market is $150 billion. At historically average treasury yields, $150 billion of Glo would generate enough money to lift approximately 9 million people out of extreme poverty. [1]
Secondly, many people have some long-term cash savings they're doing nothing with, just in case. Holding this in Glo can be an act of altruism. Sure, you can buy t-bills yourself, but by this logic no charity fundraiser would ever make sense (people can donate to causes without the fundraisers, no?). Humans don't spontaneously do all possible things. Marketing and coordination have an effect.
Thirdly, we'll work to make Glo supported as a means of exchange (e.g. by partnering with payment service providers, payroll providers, card issuers etc). Once you can receive your salary and pay your bills and subscriptions in Glo, this is all money you wouldn't have received savings yield on but is now lifting people out of extreme poverty. Same for companies. They can switch to Glo as their main currency and have more social impact at no financial cost,
Secondly, many people have some long-term cash savings they're doing nothing with, just in case. Holding this in Glo can be an act of altruism. Sure, you can buy t-bills yourself, but by this logic no charity fundraiser would ever make sense (people can donate to causes without the fundraisers, no?). Humans don't spontaneously do all possible things. Marketing and coordination have an effect.
Thirdly, we'll work to make Glo supported as a means of exchange (e.g. by partnering with payment service providers, payroll providers, card issuers etc). Once you can receive your salary and pay your bills and subscriptions in Glo, this is all money you wouldn't have received savings yield on but is now lifting people out of extreme poverty. Same for companies. They can switch to Glo as their main currency and have more social impact at no financial cost,
[1]: https://twitter.com/glo_coin/status/1573300192832499712