GHO is a decentralized stablecoin born from the Aave protocol. It promises a transparent, crypto-backed alternative to traditional dollar-pegged assets like USDT and USDC. Unlike most stablecoins, GHO is overcollateralized by crypto and governed by the Aave community. This quick guide breaks down what the GHO token is, how it works, and what makes it different. You will also learn about the risks and why GHO could matter in the broader DeFi stablecoin market.
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What Is GHO Token? A Quick Guide to the Aave Stablecoin
GHO is a decentralized stablecoin born from the Aave protocol. It promises a transparent, crypto-backed alternative to traditional dollar-pegged assets like USDT and USDC. Unlike most stablecoins, GHO is overcollateralized by crypto and governed by the Aave community. This quick guide breaks down what the GHO token is, how it works, and what makes it different. You will also learn about the risks and why GHO could matter in the broader DeFi stablecoin market.