Aave DAO announces plan to launch stablecoin on Ethereum

Aave DAO, a leading decentralized finance (DeFi) platform, has announced plans to introduce its native decentralized stablecoin, named GHO, on the Ethereum mainnet. This move is aimed at enhancing transparency for users and will involve minting the stablecoin using a diverse range of collateral assets held within the Aave Protocol.