@fiatjaf is correct, GlassCoin is simply a marketing reference to refer to the Lumens used as fees in the underlying technology. As an asset, Lumens appear as XLM in your GlassVault, we only use the name GlassCoin on the site to illustrate that the Lumens+Stellar blockchain with regards to the way the system works are transparent.
We don't have our own token and there is no purpose for our own token in this network. Rest assured that all the standard symbols/currency codes are used for the 29 currencies we support - GBP, XLM, BTC, BCH, NXT, USD etc etc.
fiatjaf Right, it seems very cool.
But it would be even cooler if I could send money to you and get BTC, USDT and USD assets backed by paywith.glass and fully movable and tradeable on the Stellar network and later cashed out from you. Is that something you plan to do or already support? It doesn't seem hard as soon as people are trusting you with their real-world assets.
We anchor the currencies we support so yes we could issue the assets on the Stellar network and make them tradeable on the decentralized exchange. We already unofficially support EQD and EURT that are issued in that manner but we have not decided yet if we will issue assets for those which are already there or just issue new tethers for those that are not yet in the market.
We will gauge market demand after it's been in production for a few months and see which route makes the most sense. Options are being discussed internally at the moment but don't worry, we'll meet you half-way 😉