GHO (GHO) price today
GHO is the Aave protocol's decentralized stablecoin: it aims to be worth 1 dollar and is issued by users who deposit collateral worth more than what they borrow.
GHO price now
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- Price in Brazilian reais (BRL)
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Market data source: CoinGecko, with a reference USD/BRL rate. Values can lag by a few minutes.
What is GHO?
GHO was launched in July 2023 by the community of Aave, the largest lending protocol in decentralized finance.
Unlike company-issued stablecoins, GHO has no bank reserves. It is created when an Aave user borrows GHO against crypto assets deposited as collateral.
How GHO works
Interest paid by GHO borrowers goes to the treasury of the organization governing Aave, not to depositors. The interest rate and issuance limits are set by vote.
To hold the peg, the protocol uses modules that allow swapping GHO for other stablecoins at a fixed price and a savings program that rewards holders.
What GHO is used for
- Digital dollar borrowing for Aave users.
- Liquidity and collateral in decentralized finance applications.
- Yield through the token's savings version.
Risks and points of attention
- In its first months, GHO traded below 1 dollar for an extended period.
- The peg depends on parameters set by governance and on collateral value.
- Smart contract and price oracle risk.
- Smaller circulation than the main stablecoins.
Key facts
| Symbol | GHO |
|---|---|
| Asset type | Stablecoin |
| Launch | 2023-07 |
| Issuer or organization | Aave protocol (decentralized governance) |
| Network | Ethereum, with versions on other networks |
| Maximum supply | No fixed cap: issuance subject to ceilings set by governance |
Reference data checked on October 3, 2026 against CoinGecko and the project's official pages.
Official links
Frequently asked questions about GHO
Who issues GHO?
No company. The token is created by Aave protocol users who deposit collateral, under rules voted on by governance.
Has GHO ever lost its peg?
Yes. After launch in 2023, the token spent months below 1 dollar until parameter changes and new modules brought the price closer to the peg.
Where does GHO interest go?
To the treasury of the organization governing Aave, which makes the stablecoin a source of revenue for the protocol.
Where does the GHO price on this page come from?
The panel shows the GHO price in US dollars and Brazilian reais, with change, volume and market capitalization. Data comes from CoinGecko, uses a reference exchange rate and can lag by a few minutes.