Circle quietly plugs Aave’s hole as DeFi’s Kelp shock tests USDC strategy
Circle quietly plugs Aave’s hole as DeFi’s Kelp shock tests USDC strategy
Circle Ventures’ purchase of Aave’s $AAVE token is being framed as “direct support for DeFi infrastructure.”The move lands days after Aave absorbed fallout from a $293M KelpDAO exploit and over $170M in bad debt.The deal comes as Circle positions itself around a looming U.S. stablecoin bill that could reshape its core USDC business.