Odaily Planet Daily News Aave Labs proposed an update to its GHO Stable Module (GSM), which involves using BlackRock's tokenized fund BUIDL shares to help maintain the dollar peg of its GHO stablecoin. According to the proposal, the new GSM will allow Aave to redeem BUIDL shares with user-provided USD Coin (USDC) to mint GHO. These tokens will be held in smart contracts until users redeem their GHO for USDC. The value of BUIDL shares is stabilized at $1 per token, paying daily returns to investors on a monthly basis. The fund allocates its assets into cash, U.S. Treasury bills, and repurchase agreements. According to RWA.xyz, BUIDL AUM exceeds $502 million. (CryptoSlate)