When you say "For each Glo Dollar in circulation, there's at least $1 of cash and/or US Treasuries" do you mean that you hold in reserve (in your own accounts) $1 of US cash or Treasury bonds? For instance, say you sell a $100 of your coins, do you then take that money and immediately invest it bonds (using the interest received on those bonds as your profit)? Or are you taking the interest on those bonds and reinvesting that into something with a higher yield?