GHO

GHO is a decentralized, crypto-backed stablecoin designed to maintain a value of one US dollar. It is created within the Aave ecosystem and is intended to give users a way to borrow a stable unit of account against collateral they already hold on-chain. The asset targets participants who want dollar-denominated liquidity without converting existing crypto holdings.

GHO is minted when borrowers deposit approved collateral through the Aave protocol, and it is burned when the borrower repays their position, keeping supply tied to outstanding debt. The token exists across several networks including Ethereum, Arbitrum, Base, Avalanche, and Gnosis Chain. No consensus algorithm is recorded for GHO itself because it is an application-layer token that settles on whatever underlying blockchain hosts the transaction.

The data provided does not include a fee revenue figure for GHO, so no fee stream can be described from what is stored here. In practice, interest charged to borrowers who mint GHO is a known feature of the Aave protocol, but none of those figures appear in the stored metrics for this asset. The circulating stablecoin supply stands at approximately 697,682,472 dollars at the point-in-time snapshot, and the 30-day supply change is recorded as zero, meaning the outstanding stock of GHO did not expand or contract over that window.