GHOsts Are Real: Aave’s GHO Officially Becomes a Stablecoin After Reaching $1 Peg

It’s been almost seven months since Aave officially launched its overcollateralized algorithmic stablecoin. Using the ticker GHO, the stablecoin operated all of this time under the $1 peg due to low demand and other technical difficulties. Now, GHO has finally reached its peg value. Aave founder Stani Kulechov made the announcement via X (formerly known [...]

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