The Aave stablecoin GHO has reached 1 US dollar and completed anchoring

The stablecoin GHO, launched by the DeFi lending protocol Aave, finally reached $1 and completed its pegging six months after its launch. Stani Kulechov, founder of Aave, said on X that it has been a long journey for the Aave community to get here. Now, after 6 months, the over-collateralized GHO has finally achieved anchoring. Congratulations to the Aave community for providing basic building blocks for DeFi and payments. This is a key development for products considered reliable sources of income for Aave DAO. As of Tuesday, the protocol holds more than $7 billion in user deposits. The circulating supply of GHO tokens is about 35 million as of Tuesday.