Aave’s decentralized autonomous organization is launching its GHO stablecoin on the Arbitrum blockchain as part of its "cross-chain expansion strategy."
Native to the Aave Protocol, the GHO stablecoin is fully backed and transparent, according to Aave DAO, which manages the token's supply. Assets available within the Aave Protocol can also be used to back GHO. Aave's expansion to Arbitrum and later networks centers around boosting access and adoption while lowering transaction costs.
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