AAVE labs has been one of the performing fintech product and it has expanded from the decentralization to now centralized compliance oriented finance protocol. So the labs has been into the GHO integration for the offramp some of the time. And they are now expanding into the EUROPE.
Here they are going to add zero fees stable coin to ramp off process flow. And this would be possible with the GHO integration. And that sounds like perfect expansion plan in the EU economy.
Central bank of Ireland has given the nod for the miCAR and the CASP compliance. So they have the crypto exchange and stablecoin operation approval in the EU with this change.
The protocol is deployed on the permissionless, public chain and it would be possible to confirm and check the changes that are about to happen with the blockchain.
Yes this means the process is now more centralized and also regulated. Which kind of protects consumers in a way. And another way you would find we are moving away from the decentralization and the similar direction with the crypto.
You can check out the news for AAVE.