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Stablecoins

GHO (GHO)

Data as of 3 October 2026 · Official site

GHO (GHO) is a crypto-backed stablecoin pegged to the US dollar, issued across 2 chains. On 3 October 2026 its circulating supply was $698.5M, flat over 30 days, which places it 17th of 48 stablecoins tracked here. DefiLlama prices it at $0.9992. Supply is what the issuer has outstanding. It is not a measure of reserves, and a steady supply figure says nothing on its own about whether the peg is holding.

Circulating supply, over time

Circulating supply, USD: $279K at the start of the series, $699.0M at the end. $0 $250.0M $500.0M $750.0M $1.0B Jul 23May 24Feb 25Dec 25Oct 26
Circulating supply, USD. Weekly points for the last two years, monthly before. Source: DefiLlama, retrieved 3 October 2026.

Among stablecoins

Circulating supply by stablecoin: top 25 of 48 tracked, GHO (GHO) ranked 17. Source: DefiLlama, 3 October 2026.
#StablecoinCirculating supply
1 Tether (USDT) $184.0B
2 USD Coin (USDC) $74.2B
3 Sky Dollar (USDS) $6.8B
4 Ethena USDe (USDe) $4.9B
5 Dai (DAI) $4.8B
6 World Liberty Financial USD (USD1) $4.4B
7 Global Dollar (USDG) $3.1B
8 PayPal USD (PYUSD) $2.9B
9 Ripple USD (RLUSD) $2.5B
10 Circle USYC (USYC) $2.4B
11 BlackRock USD (BUIDL) $2.2B
12 Ondo US Dollar Yield (USDY) $2.2B
13 United Stables (U) $1.6B
14 USDD (USDD) $1.5B
15 Falcon USD (USDf) $1.5B
16 USDGO (USDGO) $1.2B
17 GHO (GHO) $698.5M
18 Open USD (OUSD) $666.2M
19 Usual USD (USD0) $546.0M
20 EURC (EURC) $536.1M
21 Ethena USDtb (USDTB) $533.6M
22 YLDS (YLDS) $512.2M
23 Polymarket USD (pUSD) $489.8M
24 Multipli rwaUSDi (rwaUSDi) $487.4M
25 TrueUSD (TUSD) $484.2M

See all 48 stablecoins

Supply by chain

Supply by chain, GHO (GHO), 3 October 2026. Source: DefiLlama.
ChainUSD
Ethereum $642.8M
Monad $55.6M

Issuer disclosures recorded by DefiLlama

It is created by users via borrowing against multiple collateral. When user repays their GHO borrow position, the protocol burns that user's GHO. All the interest payments accrued by minters of GHO would be directly transferred to the AaveDAO treasury.

Audit and attestation links: github.com. Cryptonist has not verified them.

Price on the snapshot date: $0.9992. Chains: 2.

Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.