On Jul. 7, 2022, Aave Companies, the entity behind the Aave protocol, released an Aave Request for Comment (ARC) introducing GHO to the Aave community. GHO is an Aave native multi-collateral backed stablecoin, pegged to USD. While GHO will be introduced on the Ethereum blockchain, a multichain vision is anticipated by Stani Kulechov, founder of Aave.

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