Glim, a leading financial well-being platform in Latin America, has partnered with OpenTrade to launch automatic yield on USD payroll balances on Avalanche, giving Colombian employees and contractors a first-of-its-kind savings experience that helps protect earnings from inflation and currency devaluation. The Colombian peso has steadily lost value against the U.S. dollar. Every decade, it requires approximately 3.5 times more COP to buy a U.S dollar. 

Founded to protect workers’ compensation against inflation and currency devaluation, Glim enables companies and workers to dollarize part of their income through its wallet, providing access to digital dollars and automatic yield, a powerful benefit in a region where Colombian peso volatility consistently erodes purchasing power. This new capability is powered by OpenTrade’s institutional-grade yield infrastructure, leveraging Avalanche’s secure, high-performance blockchain network.

“Glim was created to help workers in Latin America protect their earnings against inflation and devaluation. With this launch, we are introducing the ability for employees and contractors to save in digital dollars and earn yield automatically — embedding long-term financial security directly into the employee experience,” said Alex Robbio, CEO and co-founder of Glim. 

Why It Matters

For most households, the continued devaluation of the Colombian peso has meant seeing hard-earned savings slowly decline in real terms. At the same time, studies show that 54% of Colombian workers feel stressed about their financial situation, and more than one-third struggle to save for retirement. This financial stress reduces productivity and employee engagement.

This integration changes that dynamic by enabling employees to freeze part of their salary in USD each month, safeguarding long-term purchasing power, and accessing yield products that were previously unavailable to Colombians.

“OpenTrade’s mission is to make institutional-grade yield accessible to everyday users. By powering Glim’s USD payroll balances with real-world asset-backed returns, we are bringing products once reserved for global banks and asset managers to employees and contractors across Colombia,” said Dave Sutter, CEO of OpenTrade.

A First-of-Its-Kind Payroll-Linked Flexible Yield

Through its partnership with OpenTrade and Avalanche, Glim is introducing an inclusive, accessible, dollar-denominated yield offering that was once reserved for premium banking clients:

• Earn daily yield on digital dollars with no minimums, no fees, and full transparency, powered by OpenTrade.

• Flexible payroll options: Contractors can receive income directly in USD, and employees can dollarize part of their compensation via Glim’s wallet.

• Beyond payroll, companies can also extend USD protection and growth to allowances, bonuses, stipends, and other benefits.

• Settlement occurs through smart contracts on the Avalanche blockchain network, with blockchain’s attendant security features.

By embedding these capabilities into payroll, Glim and OpenTrade demonstrate how salary distribution can become the natural on-ramp for Latin American employees to start saving in USD.

“This launch between OpenTrade and Glim shows how modern blockchain infrastructure, namely Avalanche, can power meaningful, real-world outcomes. Purpose-built for scalability and speed, Avalanche enables seamless, high-performance financial applications. By bringing programmable finance into employee benefits, employers can now unlock new ways to build long-term financial resilience and wealth for their workforce,” said Morgan Krupetsky, VP of Onchain Finance at Ava Labs.

About Glim

Glim is a financial well-being platform that enables employers across Latin America to strengthen employee compensation and savings through digital benefits. By offering USD savings with yield alongside other financial wellbeing tools — including contractor payments and non-salary benefits — Glim helps companies retain top talent while empowering employees with greater economic security.

About OpenTrade

OpenTrade is an institutional-grade platform for real-world asset-backed stablecoin yield products. Backed by investors including a16z Crypto and Circle, the OpenTrade platform has been built to enable fintechs, neobanks, and exchanges to power their own stablecoin yield products for their users, who can trust in OpenTrade’s enterprise-grade technology systems, and the security guarantees of our time-tested legal protections and bank-grade asset management operations. Its infrastructure powers financial services for millions of users across Latin America and Europe.

About Avalanche

Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network’s architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future. 

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.