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bitcoin
Bitcoin (BTC) $ 102,874.56
ethereum
Ethereum (ETH) $ 3,229.62
tether
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    HomeCrypto Finance

    Aave Protocol launches stablecoin GHO on Ethereum mainnet, $2M minted

    Crypto Finance
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    Latest News

    Decentralized finance (DeFi) protocol Aave has launched its algorithmic United States-dollar pegged stablecoin GHO on the mainnet, with $2.19 million value of GHO minted to this point.

    Aave introduced the launch of the brand new stablecoin in a July 16 weblog submit, describing the brand new stablecoin GHO as a “decentralized, over-collateralized” asset. The stablecoin is backed by a “multitude” of digital belongings together with Ethereum’s native foreign money Ether (ETH) and Aave’s native token AAVE (AAVE).

    Complete circulating provide of GHO since inception. Supply: DeFiLlama
    Stablecoin dominance by market capitalization. Supply: DeFiLlama

    Proceed Studying on Coin Telegraph

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