USDGOvsGHO
USDGO vs GHO — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDGO — USDGO
GHO — GHO
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days USDGO supply moved +33.1% and GHO +16.7% — USDGO grew faster. USDGO held the tighter band: worst deviation 2 bps against 26 bps.
Key differences
- USDGO is roughly 1.6× larger than GHO by USD circulation value ($1.14B vs $697.5M).
- USDGO ranks #16 while GHO ranks #17 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- USDGO is a fiat-backed stablecoin; GHO is crypto-backed. Different mechanism, different failure modes.
- Reserves differ — USDGO holds usd reserves, GHO holds overcollateralized (aave).
- GHO is deployed on 2 chains — much broader coverage than USDGO's 1.
- Primary chain differs — most USDGO supply lives on Solana, while most GHO supply is on Ethereum.
Full comparison table
| Metric | USDGO | GHO |
|---|---|---|
| USD circulation value | $1.14B | $697.5M |
| Rank (by USD value) | #16 | #17 |
| Peg | USD | USD |
| Mechanism | fiat-backed | crypto-backed |
| Backing | USD reserves | Overcollateralized (Aave) |
| Chains deployed | 1 | 2 |
| Primary chain | Solana | Ethereum |
| Issuer | — | Aave |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDGO and GHO?
Both track USD, so they compete for the same use cases. USDGO holds usd reserves; GHO holds overcollateralized (aave). USDGO ranks #16 by USD value and GHO ranks #17.
Which is bigger, USDGO or GHO?
USDGO is larger, with $1.14B in circulation vs $697.5M for GHO. That's roughly 1.6× the size.
Is USDGO safer than GHO?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. USDGO uses a fiat-backed model; GHO uses a crypto-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDGO and GHO?
Yes. USDGO and GHO both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
Should I choose USDGO or GHO?
The right choice depends on your use case. Consider: which chain do you need? USDGO is available on 1 chains and GHO on 2. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.