Aave
Aave is a decentralized finance protocol enabling cryptocurrency lending and borrowing. Its main stablecoin is GHO.
Products
Key Events
2025-12SEC concluded investigation without enforcement action
2023-07Launched GHO stablecoin on Ethereum mainnet
Overview
Aave is a decentralized finance (DeFi) protocol that facilitates the lending and borrowing of cryptocurrencies without traditional financial intermediaries. Founded in 2017 by Stani Kulechov, Aave operates as a decentralized autonomous organization (DAO).
Regulatory Status
In 2025, Aave Labs secured authorization under Europe's Markets in Crypto-Assets (MiCA) regulation, allowing it to offer regulated stablecoin services across the European Economic Area. The U.S. SEC concluded its investigation into Aave without enforcement action in December 2025.
Key Products
Aave introduced its native stablecoin, GHO, which reached a supply of $200 million by March 2025.