Cryptocurrency News

Aave to launch overcollateralized stablecoin called GHO

2022.07.08 10:21

Aave to launch overcollateralized stablecoin called GHO
Aave to launch overcollateralized stablecoin called GHO

Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval.

The announcement was made by Aave Companies — the centralized entity supporting the Aave protocol on its Twitter (NYSE:TWTR) page on July 7, stating:

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