Circle Shuts Down Rumors of Tokenized Gold and Silver Platform

Circle has denied launching any platform or tokens for trading tokenized gold and silver, refuting a fake press release and urging users to verify information through official channels.

Circle has firmly denied recent reports and a fabricated press release claiming it launched a platform for trading tokenized gold (GLDC) and silver (SILC) through a service called CircleMetals. The company clarified that it has not introduced any such tokens or swap services, and there is no official confirmation of a Circle Metals subsidiary. The false press release, which appeared on Christmas Eve, used Circle branding and quoted executives, but was quickly debunked by the company. The website promoting the alleged service remains live, but there is no evidence of the existence of GLDC or SILC tokens or involvement from any legitimate financial institution. Circle emphasized the importance of verifying information through official channels and reiterated its focus on existing operations. The market has not reacted to the rumors, and analysts stress the need for caution and reliance on verified sources in the cryptocurrency sector.