A popular decentralized finance (DeFi) protocol is preparing to launch its own community-supported US dollar-pegged stablecoin. In a new announcement, lending and borrowing platform Aave (AAVE) says it will build the new stablecoin, known as GHO, on leading smart contract platform Ethereum (ETH). The crypto project’s decentralized autonomous organization (DAO) will be responsible for approving […]The post DeFi Giant Aave Unveils Plans for New Decentralized Stablecoin Based on Ethereum (ETH) appeared first on The Daily Hodl.
