GHO Token

GHO

0x40d1...ae6c2f

$0.9995

-$0.00001231(-0.00%)Today

Market cap

429.71M

Total volume (24h)

15.68M

Volume / Market cap

0.0365

Circulating supply

429.83M

Day range (24h)

$0.9986$1.00

All-time low

$0.9171

All-time high

$1.03

About GHO Token (GHO)

GHO is a decentralized, overcollateralized crypto stablecoin, native to Aave Protocol. It is designed to maintain a stable value pegged to the US Dollar (1 GHO = 1 USD), providing users with a secure, transparent digital dollar for decentralized finance (DeFi) activities.

Unlike centralized stablecoins backed by bank reserves, GHO is backed by cryptocurrency collateral deposited by users within Aave. This means every GHO token in circulation is supported by more than its dollar value in crypto assets like Ethereum or wrapped Bitcoin.

GHO launched in July 2023 after support from the Aave DAO community, which governs its key parameters such as interest rates and collateral rules. Community-driven governance is designed to make sure the GHO token is transparent, secure, and aligned with users’ interests over time.

To get GHO stablecoins, first you need to ‘lock up’ approved cryptocurrencies (like Ethereum or wrapped Bitcoin) on the Aave platform as collateral. This collateral acts as a security deposit.

1. Based on how much collateral you provide, Aave lets you create ("mint") new GHO tokens by borrowing against that collateral. This is similar to taking a loan where GHO tokens are the loaned amount.

2. Later, when you return or repay the borrowed GHO to Aave, those returned GHO tokens are "burned," meaning they are permanently destroyed to reduce the total supply.

3. Burning the repaid GHO is designed to keep the supply balanced, and maintain its stable value around 1 US dollar.

This process lets users generate GHO tokens on demand through overcollateralized loans, providing transparency and stability, as the stablecoin is always backed by more value than it represents. It also means GHO is not pre-mined or centrally issued but created dynamically via user borrowing on the protocol.

Minting GHO is like borrowing a dollar-backed digital coin by putting up more valuable crypto as a deposit, with the promise to give back the borrowed stablecoins later, keeping the system safe and stable. This system helps balance supply, maintain price stability, and generate revenue for the Aave ecosystem, with interest payments flowing directly to the Aave DAO treasury.

GHO primarily operates on Ethereum, but is designed for future crosschain expansion, supporting scalable, efficient DeFi lending, borrowing, trading, and liquidity. It is a fully decentralized alternative to USDT and USDC, emphasizing sovereignty, auditability, and community control.

HOW TO BUY GHO TOKEN

Price history

Today (December 5, 2025)	$0.9995	-0.00%
24 hours ago (December 4, 2025)	$0.9995	-0.00%
1 week ago (November 28, 2025)	$0.9996	-0.01%
1 month ago (November 5, 2025)	$0.9993	+0.02%
1 year ago (December 5, 2024)	$0.998	+0.15%

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