GHO (GHO) price and market data
Vicalis market state
Held for Jun 23, 2026, 6:04 PM
Volatility: Low
Volatility is low. Trading activity is very low. There are no signs of elevated market stress.
GHO Markets
Coin profile
What You Need to Know About GHO (GHO)
GHO is Aave's native crypto-collateralized stablecoin, designed to track the value of the US dollar. It is minted and burned by facilitators approved by the Aave DAO, each with its own governance-set issuance limit known as bucket capacity. The base Aave V3 facilitator lets users borrow GHO against overcollateralized positions in the Ethereum market, while other modules support price stability, instant liquidity, and cross-chain movement. GHO is not a bank liability and is not the same as AAVE: it is a separate settlement asset whose resilience depends on collateral quality, liquidations, facilitators, and liquidity.
What it is used for
GHO is borrowed against collateral in Aave, transferred between wallets and approved networks, and used for settlement, debt repayment, trading pairs, and DeFi liquidity. Interest from issuance through Aave goes to the DAO treasury, while the Stability Module creates an arbitrage route between GHO and approved stablecoins under a defined pricing strategy. GHO's practical condition is best assessed through collateral quality and buffers, utilization of facilitator limits, the competitiveness of borrowing rates, the performance of liquidations and the GSM, market depth, and consistency of cross-chain supply.
What can move the price
- Demand for GHO as a borrowed and settlement asset relative to its rate, available collateral types, and liquidity in Aave markets.
- The effectiveness of the Stability Module, arbitrage, and depth in stablecoin pairs that return the market price to its target.
- The expansion of useful integrations and approved cross-chain routes while preserving unified supply accounting and discipline around facilitator limits.
Key risks
- A sharp fall in collateral, an oracle error, or overloaded liquidations in Aave could weaken coverage of individual debt positions and confidence in GHO.
- Each new facilitator, Stability Module, and Chainlink CCIP route adds smart-contract, limit-configuration, external-stablecoin, and cross-chain infrastructure risk.
- Rates, bucket capacity, GSM composition, and other key parameters depend on Aave Governance and authorized stewards; a mistaken or delayed decision can weaken demand and the peg.
What makes it different
Unlike USDC, GHO is not issued against a bank reserve controlled by one centralized issuer: approved DAO facilitators create its supply within separate limits. GHO differs from other crypto-collateralized stablecoins through its close integration with Aave markets and the transfer of interest from the base Aave facilitator to the DAO treasury. Facilitator flexibility broadens issuance and distribution, but requires the risk of each module to be assessed rather than treating the entire supply as uniform. The facilitator design also means that one headline supply number hides several operating paths. Collateralized borrowing in Aave V3, swaps through the Stability Module, atomic flash minting, and approved cross-chain movement solve different problems and should be reviewed separately. Unlike an issuer-redemption model, the relevant evidence is visible collateral, functioning liquidations, disciplined bucket limits, and dependable secondary liquidity. Growth in minted GHO is informative only when matched by sound backing and repeat settlement use.
Market Statistics
Info
What to check before using GHO
A coin price is meaningful only in context: liquidity, trading volume, volatility, market capitalisation and the venues where the asset actually trades.