What is Green Dollar Coin?
🌍 Green Dollar Coin (GDC) is shaping up to be a game-changer in sustainable finance and digital inclusion—especially across Africa. Here’s a breakdown of what makes it stand out:
💎 Key Features
- Asset-Backed Stability: GDC is backed by insured in-ground reserves of gold, diamonds, and carbon credits—resources that remain unmined to avoid environmental harm.
- 1:1 USD Peg: It maintains a stable value, making it suitable for everyday transactions.
- Carbon-Negative Approach: Instead of extracting minerals, GDC monetizes their preservation, helping reduce deforestation and land degradation.
📱 Inclusive Tech
- Phone Number-Linked Wallets: Users can send and receive GDC using mobile numbers—no need for complex crypto addresses.
- Green Dollar App: Supports microloans, digital payments, and access to financial services for informal sector participants.
🧠 Governance & Ecosystem
- Decentralized Governance: Community voting and smart contracts manage access and decision-making.
- Limited Circulation: Less than 5% of the total supply is available for public trading; the rest supports liquidity and development through a $500M perpetual fund.
- Institutional Backing: Supported by the Green Dollar Development Bank, which holds a $250M portfolio of carbon credit assets.
🌐 Global Vision
- GDC aims to integrate with central bank digital currencies (CBDCs) and expand access across 54 African countries through strategic partnerships.
- It’s positioned to bridge formal and informal economies, offering a stable digital currency for daily use.
