Decentralized finance (DeFi) protocol Aave has launched an algorithmic USD-pegged stablecoin GHO on the community, with 2.19 million minted thus far. USD value of GHO.
Aave introduced the launch of a brand new stablecoin on July 16. in a weblog publish describing the brand new stablecoin GHO as a “decentralized, over-secured” asset. The stablecoin is backed by “a number of” digital property, together with Ethereum’s native foreign money Ether (ETH) and Aave’s native token AAVE (AAVE).
Proceed studying Coin Telegraph.
