Aave Protocol to Create a Stablecoin, GHO
Aave DAO, the governance body of the Aave Protocol, have voted to create an overcollateralized stablecoin, GHO.
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DeFi
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Regulation
U.S. Bill Demands Stablecoin Reserves be in Cash and Treasuries
Stablecoin issuers like Tether Holdings and Circle Inc. will have to keep their reserves in cash and treasuries if this bill becomes law.