GHO Stablecoin

Symbol	GHO
Peg	USD
Backing	Crypto backed
Status	Active
Launched	2023
Networks	L1 EVM Ethereum, Avalanche L2 Arbitrum, Base
Specifications	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. KYC required No
Use cases	DeFi collateral, Trading
Mint and redeem	GHO is minted through facilitators approved by Aave Governance. The Aave V3 Ethereum facilitator allows users to supply supported collateral to Aave V3 and borrow newly minted GHO subject to the applicable collateral and loan-to-value parameters; GHO is overcollateralized rather than backed by a fiat reserve. Borrowers can repay GHO principal plus accrued interest through the protocol, reducing their debt and releasing collateral, while authorized facilitators have protocol-defined authority to mint and burn GHO within governance-set bucket capacities. The GHO Stability Module also permits conversions between GHO and governance-approved stablecoins under its configured pricing strategy. These are smart-contract interactions rather than redemption of GHO for fiat with a central issuer. The protocol documentation does not state a product-wide KYC requirement or fixed minimum mint/redemption size, although use of Aave Labs interfaces is subject to jurisdictional and sanctions restrictions. unverified
Depeg history	Date 2023-10-26 · Low price 0.946 · Cause Chaos Labs reported that GHO fell from about $0.962 to $0.946 after a liquidity drain from the principal Uniswap V3 GHO/USDC pool; it described this as the most substantial depeg observed since GHO's inception at that time.

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

GHO is a decentralized stablecoin native to the Aave Protocol, designed to maintain a stable value pegged to the U.S. Dollar. Users mint GHO by supplying collateral to the Aave Protocol, ensuring the stablecoin is overcollateralized. The collateral's value exceeds the amount of GHO issued, providing a buffer to maintain the stablecoin's peg.

Figures marked unverified are recorded but not yet independently confirmed.