Lending and borrowing platform Aave (AAVE) has launched a new decentralized stablecoin on the Ethereum (ETH) mainnet. The dollar-pegged stablecoin, called GHO (GHO), is governed by the Aave decentralized autonomous organization (DAO). Nader Dabit, the director of developer relations at Aave, says that GHO is an “overcollateralized” stablecoin. “Anyone can mint GHO using the assets The post Aave Launches New Algorithmic Stablecoin GHO on the Ethereum (ETH) Mainnet appeared first on The Daily Hodl .
