# GHO: GHO

GHO is Aave’s decentralized dollar stablecoin, minted by borrowing against collateral supplied to approved Aave facilitators.

## Key details

- **Issuer:** Aave DAO
- **Reference currency:** USD
- **Backing model:** Overcollateralized onchain assets
- **Created:** 2023-07-15

## About

Aave traces its history to ETHLend, a peer-to-peer lending project launched by Stani Kulechov in 2017. The team rebuilt the system around pooled liquidity and launched Aave in 2020; it later developed into a DAO-governed lending protocol and introduced GHO in 2023.

## Supported chains

- Ethereum
- Arbitrum
- Base
- Avalanche
- Gnosis
- Ink
- Monad
- Plasma

- **Reference contract:** `0x40D16FC0246aD3160ccc09B8D0D3A2cD28aE6c2f` (Ethereum)

## Legal jurisdiction

No single issuing country (decentralized protocol)

Aave DAO governance and smart contracts; no central issuer or dedicated stablecoin license is identified.

## Sources

- [Official site](https://aave.com/gho)
- [Aave](https://governance-v2.aave.com/governance/proposal/268/)
- [Aave GHO documentation](https://aave.com/help/gho-stablecoin/gho)

This directory is for research, not an endorsement or an availability promise from Fiber. Stablecoin designs, reserves, networks, and redemption terms can change.

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