Circle Denies Launch of Tokenized Gold and Silver Trading Platform, Calls it 'Fake'

A purported press release announced the launch of CircleMetals, a platform allegedly offering 24/7 swaps between USDC and tokenized gold and silver, but Circle has confirmed this is not genuine. The release, distributed on December 24, utilized Circle's branding and included quotes from executives, including CEO Jeremy Allaire. However, a spokesperson for Circle has stated that the release is 'fake.' The platform, which was promoted under the name CircleMetals, claimed to enable swaps between USDC and tokens supposedly backed by gold and silver, with promises of rewards for users. The website associated with the press release has since been taken down, and Circle has warned users to be vigilant, especially when connecting wallets to unverified sites.