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🗞 Top #CryptoNews: Tue, Aug 27 (24H) 1️⃣ Aave Labs unveils plan to stabilize GHO with #BlackRock’s BUIDL shares 2️⃣ Vitalik Buterin praises #Polymarket as platform smashes growth records https://t.co/GJAazel4V1
AAVE LABS WANTS TO INTEGRATE WITH BLACKROCK’S BUIDL FUND Aave Labs has proposed a significant upgrade to its GHO Stability Module (GSM), aiming to integrate BlackRock’s $509 million tokenized fund, BUIDL. The proposal would enable users to swap USDC for GHO while receiving… https://t.co/JsJUrhevB3
AAVE LABS PROPOSES BLACKROCK PARTNERSHIP Aave’s planning to hook up its GHO stablecoin with BlackRock’s tokenized BUIDL fund. The new setup would let users swap USDC for GHO and earn dividends in BUIDL. It’s still up for community feedback, but if approved, Aave could dive… https://t.co/vmD3DkuLnk
Aave Labs has announced a proposal to integrate its GHO Stability Module with BlackRock's BUIDL tokenized fund, valued at $502 million. This initiative aims to stabilize the GHO stablecoin by backing it with real-world assets such as T-bills and cash, which are part of BlackRock's BUIDL fund. The proposal includes enabling users to swap USDC for GHO while earning dividends in BUIDL shares. This strategic move is expected to fortify GHO's peg and potentially drive mass adoption. The proposal is currently open for community feedback.
