- Circle officially denied that the report of a gold and silver tokenization platform launch using its name was true.
- The outlet said there is no evidence of the actual existence of GLDC, SILC, CIRM tokens, and that they are not listed on major crypto data sites.
- It reported that the related website's wallet connection requirement is raising security concerns.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
On the 24th (local time), according to crypto-specialist media Coindesk, Circle, the issuer of USDC, the world's second-largest stablecoin, officially denied that reports distributed using its name claiming the launch of a gold and silver tokenization platform were true.
The report was circulated on Christmas Eve, and it was confirmed that the related website is still operating.
According to the outlet, the press release using the Circle brand claimed that a new platform called 'CircleMetals' had launched and supported swaps between USDC and gold and silver tokens. The press release was made to look as if it quoted Circle's CEO Jeremy Allaire.
The problematic press release was distributed through crypto-specific distribution channels on Christmas Eve, when U.S. companies were either closed or operating on a limited basis.
The material stated that USDC could be exchanged with a gold token (GLDC) and a silver token (SILC) 24 hours a day, and that it would provide a 1.25% reward in 'CIRM' tokens for trades.
However, the outlet said it could not find any evidence that the GLDC, SILC, or CIRM tokens actually exist.
The tokens are not listed on major crypto data aggregation sites. The related website asks users to connect their wallets, raising security concerns.
A Circle spokesperson officially denied the report and the platform, saying "not true." Circle stated it has no affiliation with the platform and that the executive remarks quoted in the press release were false.
