Circle Ventures snaps up AAVE days after a $293M KelpDAO exploit, shoring up Aave's bad‑debt shock while Washington weighs a landmark US stablecoin bill.
Circle CEO Jeremy Allaire lands on the 2026 TIME100 list as USDC's compliant stablecoin rail goes mainstream with banks, fintechs and regulators worldwide.
USDC will serve as the main settlement and collateral asset on Pharos, with CCTP enabling direct cross-chain transfers, while a $10 million incubator supports early DeFi ecosystem growth.
A sharp intraday sell-off in Circle shares follows reports of U.S. lawmakers considering restrictions on yield-bearing stablecoins, a key pillar of the company’s business model.
