Gnosis Drops Circles 2.0: Mint Your Own Trust-Backed Crypto—No Bankers Needed

Gnosis just flipped the script on decentralized money with Circles 2.0—a protocol where users bootstrap their own currencies through social trust networks. Forget stablecoins pegged to fiat; here, your credibility becomes collateral.

How it works: Users issue personalized tokens that appreciate over time based on community validation. Early adopters get skin in the game—the more your network grows, the stronger your currency becomes. It’s like a credit score meets Bitcoin, minus the proof-of-work energy guzzling.

The catch? You’ll actually need to maintain relationships—a radical concept in crypto’s ‘number go up’ culture. Traditional finance won’t know whether to laugh or panic when they see organic monetary policy in action. (Spoiler: They’ll probably still charge you 3% for the privilege of moving your own money.)