Aave: GHO Stability Module enables USDC swaps on Monad - 12 Aug 2026

Aave announces that users can now swap USDC for GHO on Monad at a stated 1:1 peg through the GHO Stability Module. The module has 25M in mint capacity.The deployment gives GHO a direct conversion route from USDC on Monad, which can make the stablecoin more usable for participants seeking access through that network. The 25M mint capacity allows the mechanism to support activity at a defined scale rather than limiting availability to a small initial allocation. The stated peg describes the conversion terms, while the launch itself does not show how much users will use the route or whether it will produce broader market effects.Users can now swap for on Monad at a 1:1 peg, with 25M in mint capacity backing it.TokenLogic authored AIP-509 and led the deployment of the Stability Module. Monad is now the third L2 with a GSM, after Plasma & Arbitrum.GSM coming to more networks... 👀