GHO is a stablecoin that is referencing (pegged to) the U.S. dollar. GHO is classified as a decentralized stablecoin, backed by assets that are compatible with the Aave protocol's Ethereum v3 pool.
GHO
GHO is a stablecoin that is referencing (pegged to) the U.S. dollar. GHO is classified as a decentralized stablecoin, backed by assets that are compatible with the Aave protocol's Ethereum v3 pool.
DeFi projects Curve, Aave and SORA extend their offerings with native stablecoins. All non-custodial by design, these stablecoins are introducing many innovative features.
As we wrote earlier, in July 2022 the Aave community voted for the release of a GHO stablecoin. The stablecoin will work on the Ethereum network, and will also be re-secured with crypto assets.
Since its launch last year, the stablecoin has grown to around $100 million. However, this amount remains significantly lower than the figures achieved by more recent entrants in the stablecoin market.
Since its launch last year, the stablecoin has grown to around $100 million. However, this amount remains significantly lower than the figures achieved by more recent entrants in the stablecoin market.
DeFi projects Curve, Aave and SORA extend their offerings with native stablecoins. All non-custodial by design, these stablecoins are introducing many innovative features.
As we wrote earlier, in July 2022 the Aave community voted for the release of a GHO stablecoin. The stablecoin will work on the Ethereum network, and will also be re-secured with crypto assets.
