Decentralized Finance Protocol (DeFi) Aave has launched its US dollar-pegged algorithmic stablecoin GHO on the mainnet, with $2.19 million in GHO minted to this point.
Aave introduced the launch of the brand new stablecoin in a July 16 weblog put up, describing the brand new stablecoin GHO as a “decentralized, over-collateralized” asset. The stablecoin is backed by a “multitude” of digital belongings, together with Ethereum’s native foreign money Ether (ETH) and Aave’s native token AAVE (AAV).
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