A Trust-Driven Digital Currency Allowing Users to Gradually Create Their Own Tokens

[PRESS RELEASE – Berlin, Germany, May 21st, 2025]

Gnosis has unveiled Circles 2.0, a revolutionary personalized currency that allows anyone to create and utilize it independently of traditional banking systems or government oversight. Rather than depending on a centralized authority to issue and determine the value of currency, individuals can generate their own Circles currency to transact within their trusted networks. The Circles 2.0 system is accessed through the newly launched Metri app, a user-friendly, self-managed wallet that functions within the Gnosis ecosystem.

In today’s increasingly unpredictable global economy, Circles empowers users to manage their own financial resources, fostering dynamic local economies rooted in trust and fairness. The platform features a predictable and just money supply protocol, building on Gnosis’s vision of decentralized payment systems to craft a new global currency. This design actively counters the systemic advantages sometimes observed in early token distribution, aiming for a more equitable experience for all users.

Martin Köppelmann, Co-Founder of Gnosis stated, “Circles aims to establish a complementary monetary system that ensures no participant or institution holds a consistent advantage over others. Our vision is to effectively combine financial technology with OpenFi initiatives, including Gnosis Pay and CoW swap, to deliver immediate utility that addresses the challenges faced by emerging monetary systems and pave the way for a fully decentralized financial evolution.”

A Fair Currency for Trusted Transactions

Regarding token creation, each account will generate 1 CRC every hour or 24 CRC daily, contingent on maintaining a minimum level of activity on the platform. Each user’s CRC is distinct. Genuine trust—whether in personal relationships or community connections—is mirrored through established links within the platform. Users can accept CRC from those they trust; if they do not know someone directly, they can still transact using mutual trusted connections as intermediaries, thereby weaving a network of trust.

Users can also earn CRC by inviting new participants, building trusted connections, or purchasing them with bridged stablecoins such as USDCe, GBPe, and EURe. As a testament to initial interest, there are currently 100,000 individuals on the Circles waitlist, with an initial projected value fluctuating between $0.01 to $0.05. Additionally, users can secure their Circles with assets like Bitcoin, Ethereum, or sDAI for price stability, and make their Circles available for trade. They will be able to spend the CRC created on real goods and services through the upcoming Circles Marketplace, where verified vendors will accept CRC, launching shortly after the initial rollout.

Highlighted features of Circles 2.0 include:

• Each account is entitled to mint their own unique Circles (CRC) at a rate of one CRC per hour.
• CRC balances experience a nominal decrease of 7% annually, encouraging usage and discouraging inactive holding.
• Users can form and join groups based on shared characteristics such as location, interests, events, and business affiliations.
• CRC is designed for use as currency among trusted acquaintances rather than as a speculative digital asset.

The rollout of Circles 2.0 aims to address concerns regarding centralized monetary control while building on the innovations of cryptocurrency, ultimately reducing the advantages typically enjoyed by early adopters.

Through the Metri app, entry into the decentralized financial realm becomes straightforward, emphasizing personal currencies, stablecoins, and ease of access. This platform enhances usability with integrations related to OpenFi solutions, including the Circles Protocol, Gnosis Pay, and CoW Swap, offering a comprehensive toolkit for users.

About Gnosis

Gnosis is dedicated to creating transparent applications and infrastructure that cater to the new economy. Central to the Gnosis ecosystem is Gnosis Chain, which is a secure and decentralized blockchain aimed at extending Ethereum while lowering transaction costs. Gnosis Studios functions as an incubator for projects focused on payment solutions, identity management, and internet freedom, while GnosisVC invests in early-stage ventures that center on decentralized infrastructure, real-world assets, and financial platforms.

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