GHO Price

GHO is a decentralized, overcollateralized stablecoin native to the Aave Protocol. Launched on July 15, 2023, it aims to maintain a 1:1 peg with the US dollar. Users can mint GHO on demand, subject to collateralization requirements and mint caps set by Aave governance. Its stability is underpinned by the Aave Protocol's market efficiencies and overcollateralization mechanisms. As of 2025-11-16, GHO has a circulating supply of 352.82M GHO tokens and a market cap of $352.5M. The current price is $0.9991, with a 24-hour trading volume of $79.28K. GHO is ranked #184 among all cryptocurrencies. It's primarily used for lending, borrowing, and as a stable store of value within the Aave ecosystem.

GHO was created on July 15, 2023. It operates on the Ethereum platform as an ERC-20 token. The cryptocurrency was developed by the Aave Protocol as a decentralized, over-collateralized stablecoin designed to maintain a value pegged to the U.S. dollar. GHO is minted by users on demand, subject to mint cap limitations set by Aave's governance. Its stability is maintained through market efficiencies and over-collateralization mechanisms inherent in the Aave Protocol. As of 2025-11-16, the total supply of GHO is 352.82M GHO, with a current market capitalization of $352.5M.

GHO was founded by the Aave team, led by Stani Kulechov, the CEO and founder of Aave. It is a decentralized, overcollateralized stablecoin native to the Aave Protocol. While there are no specific individual founders attributed to GHO, it was developed and launched as part of the Aave ecosystem. The concept and implementation of GHO came from the Aave team's vision to create a stablecoin that leverages the efficiency and security of the Aave Protocol. GHO was officially launched on July 15, 2023, after extensive development and community governance processes within the Aave ecosystem.

GHO works as a decentralized, over-collateralized stablecoin native to the Aave Protocol. Users can mint GHO on demand by supplying collateral assets that exceed the value of GHO to be created. The minting process is managed by Facilitators, which are entities approved by Aave governance to mint and burn GHO. When users want to create GHO, they deposit supported assets as collateral into the Aave Protocol. If the collateral value is sufficient, GHO is minted and sent to the user's wallet. The total supply of GHO is capped at 352.82M GHO tokens, as determined by Aave governance. To maintain its $1 peg, GHO utilizes market efficiencies and over-collateralization mechanisms within the Aave ecosystem. If the price deviates, arbitrage opportunities incentivize traders to buy or sell GHO to restore the peg. When users repay their GHO debt, the tokens are burned, reducing the circulating supply. This dynamic minting and burning process helps maintain GHO's stability and ensures it remains fully backed by collateral assets at all times. As of 2025-11-16, GHO has a market cap of $352.5M and is ranked 184 among cryptocurrencies. The current price is $0.9991, with a 24-hour trading volume of $79.28K.

GHO operates on the Ethereum blockchain as an ERC-20 token. Its technical architecture is based on a smart contract system called Facilitators, which manage the issuance and governance of GHO. Key components include: 1. Decentralized issuance: Users can mint GHO by providing collateral through approved Facilitators. 2. Over-collateralization: GHO is backed by excess collateral to maintain its peg. 3. DAO governance: The Aave community governs important parameters like interest rates and collateral types. 4. Price stability mechanisms: Algorithmic adjustments and arbitrage opportunities help maintain the 1:1 USD peg. 5. Transparent on-chain data: All GHO transactions and collateral are visible on the Ethereum blockchain. 6. Integration with Aave protocol: GHO leverages Aave's existing infrastructure for lending and borrowing. This architecture aims to create a decentralized, transparent, and capital-efficient stablecoin native to the Aave ecosystem. As of 2025-11-16, there are 352.82M GHO GHO tokens in circulation with a market cap of $352.5M.

GHO aims to expand its cross-chain presence and introduce innovative DeFi solutions in the coming years. The roadmap focuses on enhancing decentralized finance integration and launching new yield-generating products like sGHO, a staked version of GHO. By 2026, we expect GHO to be available on multiple blockchain networks beyond Ethereum. In 2027, GHO plans to introduce more advanced lending and borrowing features, further solidifying its position in the DeFi ecosystem. The team is also working on improving GHO's stability mechanisms and governance model. Looking towards 2030, GHO aims to become a leading decentralized stablecoin with widespread adoption across various DeFi protocols and real-world applications. The long-term vision includes developing GHO-based financial products and expanding into emerging markets. While specific price predictions are challenging, many analysts expect GHO to maintain its peg to the US dollar given its robust collateralization model. The success of GHO will likely be measured by its adoption rate, total value locked, and its impact on the broader DeFi landscape rather than price appreciation.