Just in: AAVE and BUIDL want to join forces!
Aave Labs recently proposed a temperature check to deploy the GHO Stability Module (GSM), where AAVE reserves, such as GHO, an AAVE decentralized stablecoin, created to be used as part of the third-party integration, especially in this proposal to support the BlackRock BUIDL infrastructure. The purpose of this integration is to improve the capital efficiency of the GSM through utilizing surplus USD Coin (USDC) to mint BUIDL tokens, which represent traditional financial assets like cash and U.S. Treasury bills, while maintaining the stability of GHO with USDC serving as the backing asset.
#CryptoNewss #DeFiIntegration #AAVE #BUIDL #StablecoinInnovation
