UPD: Will Aave's GHO stablecoin launch very soon?

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.

, and Alex Harutunian

February 12, 2023 . 11:47 AM

1 min read

In October 2022, Aave showed users a technical document, as well as the first stablecoin audit from Open Zeppelin. Initially, it was planned that the Aave V2 stablecoin would appear on Ethereum, however, in a recent interview for The Defiant Aave founder, Stani Kuchelov, said that plans had changed slightly. If the community approves, the stablecoin will be launched on the newly opened Aave V3.

“It’s battle-tested. V3 is pretty much (an evolution of the previous version ) state of the art liquidity protocol.” - said Kuchelov.

According to Kuchelov, the advantages of Aave V3 will allow GHO to be more stable, meaning less risk of losing its peg.

In an interview, Aave founder also said that the stablecoin would be released a few weeks after the interview, which was published on January 25, 2023. This means that the long-awaited launch of the GHO stablecoin is due happen very soon. We will be following the news from Aave and, for sure, share the details with you!

You can study the GHO stablecoin in more detail with the help of our article: To Be Or Not to Be? The New GHO Stablecoin.