GHO GHO Rank #86

GHO is a decentralized, over-collateralized stablecoin issued by Aave, a prominent decentralized finance protocol. Each GHO token is designed to maintain a value pegged to the US dollar and is minted by users who deposit eligible crypto collateral into Aave's lending pools, with the borrowing capacity determined by the value of the collateral supplied. Because issuance requires more collateral than the GHO being minted, the asset remains fully backed at all times. Unlike centralized stablecoins, GHO is governed by the Aave community, which controls key parameters such as interest rates and supported collateral types. The borrowing rate is set dynamically through Aave's interest rate model, adjusting in response to supply and demand. Interest accrued on GHO loans accrues value to the Aave protocol and, by extension, to its governance token holders. GHO was originally launched on the Ethereum mainnet and has since expanded to other networks, including Gnosis Chain, Arbitrum, Avalanche, Base, Ink, and Plasma, making it accessible across a broad multi-chain environment while remaining anchored to the Aave protocol's infrastructure.