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Aave DAO launches its stablecoin GHO on Arbitrum

CointimeCointime2024/07/03 02:43
By:Cointime

Aave DAO has announced the launch of its GHO stablecoin on the Arbitrum blockchain, which uses the Chainlink Cross-Chain Interoperability Protocol (CCIP) that employs locking/burning and releasing/minting bridge mechanisms. This release is part of the GHO cross-chain strategy aimed at making stablecoins more accessible. Aave DAO has allocated 750,000 ARB tokens from the Arbitrum Long-Term Incentive Pilot Program (LIPP) to incentivize GHO liquidity on Arbitrum.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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