NewsBriefs - Aave starts GHO stablecoin deployment on Arbitrum

Jul 2, 4:14 PM The Defiant

Aave starts GHO stablecoin deployment on Arbitrum

Aave has initiated the deployment of its GHO stablecoin on Arbitrum, leveraging the Aave v3 on this leading Layer 2 network to enable users to mint and burn GHO tokens. This integration aims to reduce transaction fees, speed up operations, and increase liquidity, thereby expanding GHO's utility in digital payments and other DeFi applications. The Arbitrum DAO supports this development by incentivizing GHO adoption with significant ARB token allocations. This move marks an important phase in GHO's broader cross-chain expansion strategy, which involves multiple networks and is backed by Chainlink's cross-chain interoperability protocol.

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