---
title: "GHO (GHO) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/gho-aave/"
description: "Build-time stablecoin profile for GHO (GHO). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-06-03"
---



# GHO (GHO)

**Peg:** US Dollar

**Backing:** Crypto-Collateralized

**Governance:** CeFi-Dependent

**Status:** active

## Overview

GHO is Aave's decentralized dollar minted by borrowing against any Aave V3 collateral — a diversified {{term:overcollateralization}}overcollateralized{{/term}} {{term:cdp}}CDP{{/term}} dollar drawn from the protocol's battle-tested pools. It carries a B overall safety grade on Pharos, a grade that undersells its two best traits and fairly prices its weakest: peg behavior and liquidity both rate near the top of the scale, while reliance on Aave governance and on a handful of yield-bearing GSM facilitators keeps decentralization and dependency capped in the B range. The redemption backstop, anchored by the {{term:psm}}PSM{{/term}} swap mechanism and stablecoin-backed stability modules, is about as clean as on-chain exit routes get. The hundreds of brief sub-peg blips and a worst-case deviation north of 600 bps are scars from GHO's rocky early months that the current architecture has largely healed; the peg has long since settled into the calm end of the stress scale. Liquidity is the standout — a deeply distributed DEX footprint earns the highest grade on the board, and sGHO staking layers a yield on top without leaning on exotic collateral. Aave proved a lending protocol can birth a credible dollar if it is willing to iterate in public; the B grade is the bill for the governance dependency that credibility still rides on.

## Collateral

Any Aave V3 Ethereum market collateral asset (ETH, wBTC, USDC, USDT, and others), overcollateralized per Aave's risk parameters

## Peg Mechanism

Overcollateralized minting via the Aave V3 facilitator model; live GSM redemption is centered on yield-bearing stability modules such as stataUSDC and stataUSDT, with steward-managed facilitator limits reinforcing the peg

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x40d16fc0246ad3160ccc09b8d0d3a2cd28ae6c2f` | 18 |
| arbitrum | `0x7dff72693f6a4149b17e7c6314655f6a9f7c8b33` | 18 |
| base | `0x6bb7a212910682dcfdbd5bcbb3e28fb4e8da10ee` | 18 |
| gnosis | `0xfc421ad3c883bf9e7c4f42de845c4e4405799e73` | 18 |
| ink | `0xfc421ad3c883bf9e7c4f42de845c4e4405799e73` | 18 |
| avalanche | `0xfc421ad3c883bf9e7c4f42de845c4e4405799e73` | 18 |
| mantle | `0xfc421aD3C883Bf9E7C4f42dE845C4e4405799e73` | 18 |
| plasma | `0xb77e872a68c62cfc0dfb02c067ecc3da23b4bbf3` | 18 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/gho-aave.