Circle Ventures buys AAVE as part of DeFi United initiative

Circle, the issuer of the USDC stablecoin, announced through its official X account that its venture capital arm, Circle Ventures, is purchasing AAVE tokens. The company explained that the move is part of its participation in DeFi United, a rescue program established to address the fallout from the KelpDAO hack and the subsequent rsETH incident. Circle stated its support for Aave's ecosystem and community, noting that robust DeFi infrastructure requires active building and that Aave is contributing to the future of on-chain finance.