GHO
GHO Stablecoin
active
Crypto Backed
Market Cap $584M
GHO is a decentralized, overcollateralized stablecoin on the Aave Protocol, pegged to the U.S. Dollar.
Key Data
| Backing | Overcollateralized with assets from the Aave V3 Ethereum market. |
| Redemption | Users can mint GHO by supplying collateral and repay to retrieve their collateral, governed by the Aave DAO. |
| Peg Currency | USD |
| Launched | 2023 |
Supported Networks
EthereumFantom OperaAvalanchePolygonArbitrumOptimism
Overview
GHO is a stablecoin native to the Aave Protocol, designed to maintain a stable value pegged to the U.S. Dollar. It is overcollateralized, ensuring stability and resilience.
How It Works
Users mint GHO by supplying collateral exceeding the value of the GHO they wish to mint. This collateral can include various assets available in the Aave V3 Ethereum market.
Reserve Backing
GHO is fully backed by overcollateralization, promoting stability in volatile market conditions.
Supported Networks
Initially launched on Ethereum, GHO is now available on Fantom Opera, Avalanche, Polygon, Arbitrum, and Optimism.
Market data via CoinGecko