According to Planet Daily, a Circle spokesperson said: “Circle Research built its first open source contribution, the Perimeter Protocol, from scratch without copying any project’s code, providing a new standard for others to build an on-chain credit market. Perimeter’s open source The code is available for everyone to view and verify.” Previously, crypto credit protocol Maple Finance stated that Perimeter Protocol’s code was forked from its project. Maple Finance co-founder Sid Powell posted on the X platform: "Imitation is the sincerest compliment."