On April 1, Liquity announced on social media that Circle, a major stablecoin issuer, has acquired the platform. The announcement claimed that this acquisition would allow Circle to offer non-freezable stablecoins and distribute yields directly under the Clear Act. Despite the likelihood of this being an April Fools' joke, the news led to an over 11% increase in the price of LQTY, which is now trading at $0.295. The Liquity team has yet to provide further clarification on the announcement.