According to BlockBeats, Aave Labs has proposed an update to its GHO Stable Module (GSM) that involves using shares of BlackRock's tokenized fund BUIDL to help maintain the dollar peg of its GHO stablecoin. The proposal suggests that the new GSM will allow Aave to exchange user-provided USD Coin (USDC) for BUIDL shares to mint its ecosystem's native dollar-backed stablecoin, 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, with daily returns paid to investors monthly. The fund allocates its assets to cash, U.S. Treasury bills, and repurchase agreements. According to RWA.xyz, BUIDL's assets under management (AUM) exceed $502 million.