Circle, the issuer of the dollar-pegged stablecoin USDC, announced via its official X account that its venture investment arm, Circle Ventures, is purchasing AAVE tokens. In this regard, Circle stated, "Robust decentralized finance (DeFi) infrastructure does not simply emerge on its own. Aave is contributing to building the future of on-chain finance, and we support its ecosystem and the community built around it." Circle explained that this AAVE token purchase is part of the 'DeFi United' initiative, a relief program aimed at recovering from the 'rsETH incident' that occurred due to the KelpDAO hacking aftermath.
