Aave’s Ethereum Core market lists a 4.5% borrowing rate for $GHO, aligning the stablecoin’s borrowing cost with the savings rate TokenLogic reported on Oct. 2.
The next test is whether the change brings $USDC or $USDT into the reserves available to savers who choose to convert withdrawn $GHO into $USDC or $USDT.
Aave describes its savings token (sGHO) as redeemable instantly into $GHO, so a holder who wants $USDC needs a separate conversion. A higher borrowing rate can change the incentive to repay, but the route used to acquire that repayment $GHO determines whether stablecoins enter the reserves.
