on May 21, 2025
by Gnosis
in Highlighted
At Gnosis, we’re building more than infrastructure—we’re building a new financial paradigm. One where money creation is no longer the privilege of institutions, but a right reclaimed by individuals and communities. As of today, we're thrilled to announce that Circles V2 is live on Gnosis. It’s more than a product launch—it’s a shift in how we think about value, trust, and money itself. Circles V2 reimagines money as a network of trust—where value emerges from relationships, not institutions.
Reclaiming the Right to Create Money
In our current system, the power to create money is concentrated in central banks and financial institutions—a relic of an age when trust required intermediaries.
Circles turns that model inside out.
With Circles V2:
Every person receives the right to issue 1 CRC (Circles token) per hour
To keep value in motion and reward active participation, CRC balances shrink by 7% each year—motivating users to use their tokens rather than let them sit idle
Money becomes dynamic, earned through participation—not simply held for its own sake
Through simple yet powerful game-theoretic incentives, Circles enhances the financial agency of everyone who uses it—a system where all participants have an equal opportunity to contribute and create.
Trust as Currency
Circles doesn’t rely on banks or oracles to determine what’s valuable. Instead, it turns human relationships into economic infrastructure.
Each user issues their own CRC token, and trust connections determine who accepts which CRC. This creates an organic, transitive trust network where:
Friends and communities define value
Trust propagates transactions
Currency becomes embedded in social context
This isn’t just decentralization—it’s a protocol for networked trust, grounded in human relationships.
Groups: Local Coordination Meets Global Connectivity
One of the most powerful new features in Circles V2 is Group Currencies—a mechanism that enables communities to coordinate economically at scale. These currencies allow members of a group to:
Convert personal CRC into fully fungible group tokens
Use those tokens for local trade, lending, or collective initiatives
Bridge CRC into DeFi or traditional financial systems with ease
Groups introduce modularity and interoperability into the Circles network. They’re where community autonomy meets programmable trust.
Metri: Your Gateway to the Trust Economy
Circles V2 is powered by Metri—the official wallet built for the trust-based financial systems of tomorrow. With Metri, users can:
Access personal and group CRC balances
Swap between crypto and fiat using CoW Swap
Spend globally with Gnosis Pay + Visa®
Maintain full custody—no seed phrases, no intermediaries
Metri translates Circles' design principles into intuitive tools that support real-world use cases.
Money for a Multipolar World
The global economy has outgrown borders. Commerce flows through digital communities, across continents and time zones. Yet the monetary infrastructure remains centralized, inflexible, and exclusionary.
Circles is built for the world we actually live in—multipolar, pluralistic, and increasingly decentralized.
By distributing the ability to issue currency to individuals and communities, Circles reflects a paradigm shift:
From scarcity to coordinated abundance
From institutional gatekeeping to open participation
From standardized monetary policy to contextual, community-defined value
As institutions explore centralized digital currencies with embedded control, Circles offers a fundamentally different path—a human-centric monetary network rooted in trust and participation.
This is money designed for networks of people—not systems of power.
What’s Next?
In the weeks ahead, we’ll roll out:
The Circles Marketplace—a space to spend CRC with verified vendors in local economies
Educational content to help you build trust networks and Group Currencies
Developer tools to integrate Circles into your dApps and platforms
Community workshops and funding opportunities to catalyze adoption
This launch marks the start of a broader experiment in user-driven financial systems—and we’re inviting the world to co-create it with us.
Circles in the Gnosis 3.0 Ecosystem
Circles is a cornerstone of the Gnosis 3.0 vision: building open, equitable infrastructure that puts individuals in control.
From Gnosis Pay and Zeal, to Picnic, Metri, and Circles, every application in the Gnosis ecosystem is designed to push the boundaries of what’s possible when values like self-sovereignty, credible neutrality, and fairness are built into code.
Circles doesn’t just align with those values—it operationalizes them.
🌍 Join Us
If you believe that value should be created by people—not prescribed by institutions—Circles is for you.
Start issuing your own currency.
Build trust-based economies.
Help shape the future of money.
🟣 Explore Circles → https://app.metri.xyz/welcome
More articles
