Cryptocurrencies
Biggest DeFi Lender Aave Set to Launch Decentralized Stablecoin
- Move comes as DeFi advocates double down on stablecoin efforts
- Aave says its GHO token will ‘diversify’ stablecoin landscape
Source: Aave
This article is for subscribers only.
Aave, a peer-to-peer crypto lender, is jumping into the increasingly crowded stablecoin industry.
Aave’s lending platform cuts out traditional intermediaries like banks and operates on blockchains including Ethereum, where it sets interest rates based on supply and demand.