Finance

Aave’s GHO Stablecoin Nears Elusive Dollar Peg

The asset, which has been valued at less than $1.00 for nearly all of its life, gained ground this week and rallied to $0.985 for the first time since August. Its volatile gains aren’t doing anything to fix GHO’s reputation as a not-so-stablecoin, but they do set the token close to the levels one might expect from an asset that’s supposed to be worth a dollar – not $0.96.

Source link: https://www.coindesk.com/business/2023/11/28/aaves-gho-stablecoin-nears-elusive-dollar-peg/?utm_medium=referral&utm_source=rss&utm_campaign=headlines by Danny Nelson at www.coindesk.com