What GHO is
GHO is a crypto-collateralized / algorithmic stablecoin, currently ranked 87th by market capitalization among the assets we track. GHO is a crypto-collateralized or algorithmic stablecoin: instead of a bank account full of dollars, its peg is defended by on-chain collateral and protocol logic. That makes it more decentralized — and a different risk shape — than a fiat-backed token.
GHO is a decentralized stablecoin that aims to provide a reliable medium of exchange by being pegged to the value of traditional currencies. It operates on the Ethereum blockchain, ensuring security and transparency in transactions.
How the peg is engineered
Stability comes from protocol rules rather than a custodian. That earns decentralization points, but it means the design has to survive exactly the market conditions that stress every crypto asset at once.
Background & fundamentals
The project publishes a whitepaper documenting its original design, which is worth reading before sizing any position in GHO. In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20), Stablecoin, and Base Ecosystem.
Where GHO sits in the market
Trading around $0.9981, GHO carries a market capitalization of $352.12M. Around $1.48M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.42% of the float — on the quieter side, which can mean thinner liquidity for large orders.
GHO carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. GHO trades about -22% below its all-time high of $1.27, within reach of prior peaks.
What the price history shows
The tape currently reads 30-day +0.19%. Within its 272-day range, GHO sits around the middle (the 30th percentile of recent daily closes).
Volatility profile
Recent action puts GHO in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets. Over the last 30 days the move totals +0.19%, a useful input for stop placement and position sizing.
How to evaluate GHO
The honest checklist for GHO is short:
- Collateral backing — what secures GHO, how over-collateralized it is, and how correlated that collateral is to the rest of crypto.
- Mechanism resilience — whether the peg has survived prior drawdowns, and how liquidations behave under stress.
- Decentralization trade-off — how much trust moves from a custodian to code — and whether that code has been battle-tested.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
