GHO-JPY price

GHO is the stablecoin of Aave, the leading decentralized lending platform on the blockchain. Launched in July 2023, GHO is an algorithmic stablecoin pegged to the US dollar. It is backed by a basket of crypto collaterals, including ETH and Aave's own governance token AAVE. It is minted by depositing a crypto collateral into one of Aave's lending pools.

Right now, 1 GHO is worth ¥.

Right now, 1 Japanese yen is equal to GHO.

Aave is the leading decentralized lending protocol in the Ethereum ecosystem. With it, users can freely lend crypto for an interest rate, and borrow funds against a crypto collateral. It was created in 2017 under the name ETHLend, then renamed Aave in 2018.

A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.

For a detailed analysis of GHO's safety, read its rating on bluechip.org.

The GHO is designed to follow the price of the US dollar, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the GHO to deviate from the US dollar price for various technical or market reasons.

You never store GHO in itself. Instead, you store the private key giving you access and control over a GHO address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send GHO, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy GHO with us here from Japan by sending us bank transfers in JPY, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy GHO.

You can swap GHO here against one of the cryptocurrencies that we support, using any self-custodial GHO wallet. For more information, have a look at our step-by-step tutorial on how to swap GHO.

To cash out GHO with us, you simply need to transfer your crypto to our address. We'll convert your GHO in JPY, then transfer the funds to your bank account in Japan. For more information, have a look at our step-by-step tutorial on how to sell GHO.