Aave Launches GHO Stablecoin on Arbitrum with Chainlink CCIP, 100% DAO Approval

Jul 2, 2024, 04:20 PM

Aave has launched its GHO stablecoin on the Arbitrum network, marking the first deployment in GHO's cross-chain expansion strategy. This integration, which was approved by the Aave DAO with 100% approval, is powered by Chainlink's CCIP technology. Arbitrum, the largest Ethereum Layer 2 by value locked and monthly active wallets, is the initial market for GHO's phased cross-chain expansion. Stani Kulechov, Aave's founder, expressed excitement about working with the Chainlink team to achieve this milestone.