Market cap
$697.93M
-0.17 %
Volume (24h)
$377.57K
-0.17 %
Circulating supply
352,783,922 GHO
Total supply
495,100,330 GHO
GHO (GHO)
$ 1.00
-0.17 %
Main info
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Key data
updated $0Market cap$697.93M
Volume 24h$377.57K
Circulating supply352.78M
All-time high$1.03-3% from peak · 2024-02-28
GHO is a decentralized stablecoin created by Aave, one of the largest DeFi lending protocols, and its ticker is GHO. It's designed to hold a steady value of one US dollar, but unlike stablecoins backed by a company's bank account, GHO is minted by users themselves — you deposit crypto as collateral and borrow GHO against it. The whole system is governed by the Aave DAO, so no single company controls the supply.
Frequently asked questions
What is GHO and how is it different from other stablecoins?
GHO is the native stablecoin of the Aave protocol, pegged to the US dollar and fully decentralized. The big difference from centralized options like USDC or USDT is that no company holds reserves behind it — GHO is minted by users against crypto collateral and managed by Aave DAO governance, with everything visible on-chain.
How does GHO work technically?
GHO is an ERC-20 token on Ethereum built around a 'facilitator' model: entities approved by the Aave DAO can mint and burn GHO within limits called buckets. The main facilitator is the Aave V3 pool, where users supply collateral and borrow GHO like any other loan. Since every GHO is backed by more collateral than it's worth, the system stays overcollateralized.
How is new GHO issued?
New GHO only enters circulation when someone borrows it against collateral on Aave, and it's burned when the loan is repaid. Borrowing rates and supply caps are set by Aave DAO votes, so supply expands and contracts with real demand instead of being printed at will.
How can I store and use GHO?
Because GHO is a standard ERC-20 token, any Ethereum-compatible wallet works — MetaMask, Rabby, or a hardware wallet like Ledger. You can hold it as a dollar-pegged asset, transfer it like any token, or put it to work in DeFi through lending, liquidity provision, and payments across the Aave ecosystem.