GHO
GHO Stablecoin
active
Crypto Backed
USD
Market Cap $584M
GHO is a decentralized, overcollateralized stablecoin by Aave, pegged to the U.S. Dollar and launched on Ethereum.
Key Data
| Backing | Overcollateralized with crypto assets supplied to the Aave Protocol. |
| Redemption | GHO can be minted by supplying collateral and repaid with accrued interest, benefiting the Aave DAO treasury. |
| Peg Currency | USD |
| Launched | 2023 |
Supported Networks
Cross-Chain Supply (DefiLlama · $584M total)
Use Cases
Defi CollateralTrading
Overview
GHO is a decentralized stablecoin native to the Aave Protocol, designed to maintain a stable value pegged to the U.S. Dollar.
How It Works
Users mint GHO by supplying collateral to the Aave Protocol, ensuring the stablecoin is overcollateralized.
Reserve Backing
The collateral's value exceeds the amount of GHO issued, providing a buffer to maintain the stablecoin's peg.
Supported Networks
Initially launched on Ethereum, GHO has expanded to Arbitrum and Base networks.
Other USD Stablecoins
Data source: CoinGecko ↗