DeFi giant Aave wants to launch its own stablecoin
Aave founder Stani Kulechov announced that they have created an Aave request for comments for a new decentralized, collateral-backed stablecoin, native to the Aave ecosystem, known as GHO.
This means Aave’s proposal for a new stablecoin is now in the hands of its DAO—its community of AAVE token holders that vote on decisions that affect the protocol’s future.