Aave Labs launches new platform Horizon, allowing institutions to borrow tokenized assets as stablecoins

Aave Labs has launched a new platform, Horizon, which aims to allow institutional borrowers to use tokenized versions of real-world assets (RWAs), such as U.S. Treasuries, as collateral to obtain stablecoins. At launch, institutions will be able to borrow Circle’s USDC, Ripple’s RLUSD, and Aave’s GHO against a range of tokenized assets, including Superstate’s short-term U.S. Treasury and cryptocurrency holdings, Circle’s income fund, and Centrifuge’s tokenized Janus Henderson product.