Coindesk reported that Circle, the issuer of USDC, officially denied a circulated report that used its name to announce a gold-and-silver tokenization platform. The report alleged the GLDC, SILC, and CIRM tokens existed and would enable 24-hour swaps between USDC and gold or silver tokens, with a 1.25% reward payable in CIRM. No evidence of the tokens’ existence was found, and they were not listed on major crypto data sites.
The outlets noted the related websites required wallet connections, raising security concerns. A Circle spokesperson said the report and platform were not affiliated with Circle, and the quoted remarks from executives were false. Circle emphasized that it has no involvement and that the press release was misrepresented. The report indicated the release circulated on Christmas Eve, and that the site remained active.
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