Aave's GHO Stablecoin Supply Continues to Grow
The over-collateralised GHO stablecoin has expanded steadily as Aave has extended integrations across networks.
The supply of GHO, the over-collateralised stablecoin issued through the Aave protocol, has continued to grow, according to Aave dashboards and DefiLlama. Extensions to additional networks, including Arbitrum and Base, have contributed to the expansion.
GHO uses a dynamic borrowing rate set by Aave governance rather than by market conditions, and features a facilitator model that allows multiple entities to mint the stablecoin under governance-approved caps. Discount schemes for holders of staked AAVE remain a core distribution mechanism.
The protocol continues to compete with other decentralised stablecoins including MakerDAO's DAI, Curve's crvUSD and Frax's frxUSD.
