GHO Stablecoin

$698M market cap

Issued by Aave · reviewed 8 September 2026

Market cap: $698M -0.01% 7d
30-day trend
Volume / market cap: 0.7%
Peg drift, 30 days: 0.22%

Market data as of 8 September 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

Last verified 2026-06-27. All fields shown are verified; 4 tracked fields are not yet recorded.

GHO is a decentralized, overcollateralized stablecoin by Aave, pegged to the U.S. Dollar and launched on Ethereum.

01

Instrument facts

8 of 12 tracked fields recorded

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

02

Supply by chain

2 chains · $698M total

Chain	Supply
Ethereum	$641M
Monad	$57M

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.

03

Contract addresses

8 chains

Chain	Address
Arbitrum One	`0x7dff72693f6a4149b17e7c6314655f6a9f7c8b33`
Avalanche	`0xfc421ad3c883bf9e7c4f42de845c4e4405799e73`
Base	`0x6bb7a212910682dcfdbd5bcbb3e28fb4e8da10ee`
Ethereum	`0x40d16fc0246ad3160ccc09b8d0d3a2cd28ae6c2f`
Ink	`0xfc421ad3c883bf9e7c4f42de845c4e4405799e73`
Monad	`0xfc421ad3c883bf9e7c4f42de845c4e4405799e73`
Plasma	`0xb77e872a68c62cfc0dfb02c067ecc3da23b4bbf3`
xDai	`0xfc421ad3c883bf9e7c4f42de845c4e4405799e73`

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

Official site · Whitepaper

04

Background

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.

Compiled from issuer disclosures, on-chain data and market data. Aave · Methodology