Circle has disavowed a release that claimed the launch of CircleMetals, a platform designed to offer 24/7 swaps between tokenized gold and silver (GLDC and SILC) and USDC, reportedly backed by COMEX-linked liquidity. The release allegedly used Circle branding and quoted executives, including Jeremy Allaire, but the company says the claims are not true. The site in question purportedly invited users to connect wallets to exchange for precious-metal tokens, while offering a 1.25% reward in a token labeled CIRM. There is currently no independent evidence that GLDC or SILC tokens exist or that any legitimate financial institution is involved.
The promotional material and related coverage have been questioned for their authenticity, with Circle stating the information is not genuine. Consumers are advised to exercise caution and avoid interacting with unverified platforms that request wallet connections.
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