According to @milesdeutscher, Aave has launched its over-collateralised stablecoin, $GHO. In the Aave money market, where stable assets are the most borrowed, the introduction of $GHO is significant for traders. This launch benefits $AAVE holders as the demand for stablecoins increases, driving lending fees upwards. The interest payments from $GHO are directed back to Aave, potentially increasing the platform's profitability and the value of $AAVE.

According to IntoTheBlock, the total $GHO borrowed via Aave's Lido instance has reached an all-time high of 18.2 million GHO, indicating a significant increase in borrowing activity within the platform.