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    HomeFinanceAave Protocol Launches GHO Stablecoin on Ethereum Community With 2 Million Mined
    Finance

    Aave Protocol Launches GHO Stablecoin on Ethereum Community With 2 Million Mined

    Seethereality
    By Seethereality

    Decentralized finance (DeFi) protocol Aave has launched an algorithmic USD-pegged stablecoin GHO on the community, with 2.19 million minted thus far. USD value of GHO.

    Aave introduced the launch of a brand new stablecoin on July 16. in a weblog publish describing the brand new stablecoin GHO as a “decentralized, over-secured” asset. The stablecoin is backed by “a number of” digital property, together with Ethereum’s native foreign money Ether (ETH) and Aave’s native token AAVE (AAVE).

    The whole quantity of circulating GHO for the reason that starting. Supply: DeFiLlama
    Stablecoin dominance by market capitalization. Supply: DeFiLlama

    Proceed studying Coin Telegraph.

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