Aave’s Stablecoin GHO Limited to Ethereum and Arbitrum Networks for Now

Quick Summary:

Aave’s Stani Kulechov, founder and CEO, announced via X that Aave V3 has been successfully deployed across multiple platforms including Ethereum, Arbitrum, Base, Avalanche, Polygon, Optimism, Metis, Scroll, Gnosis, and BNB Chain.

However, he also specified that the protocol’s stablecoin, GHO, is currently available only on Ethereum and Arbitrum.

This phased approach could pave the way for successful future expansions and enhance GHO’s role within the broader DeFi ecosystem.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Aave Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 06:25:22 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 282 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22466658

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