Circle Refutes Tokenized Metals Swap via USDC Reports
- Circle dismisses tokenized metals swap rumors as fake.
- No verified statements on metals-from Circle.
- Markets unaffected by the false claims.
Circle has denied launching tokenized gold and silver swaps via USDC, dismissing the circulating press release as fake and affirming no involvement from executives or institutional entities as of December 2025.
The debunked announcement highlights the challenges of misinformation in cryptocurrency, maintaining market stability as there’s no evidence of impact on USDC, Bitcoin, or Ethereum prices.
Circle Ltd. refuted claims that it launched tokenized gold and silver swaps through USDC, labeling the press release as fraudulent.
No verified statements or actions from Circle executives were found supporting the tokenized metals launch. CEO Jeremy Allaire and other executives did not endorse this move. Circle confirmed the news as unauthorized.
The impact of this fake claim was minimal, with no evidence of changes in USDC’s market cap or broader crypto markets. Investors and stakeholders witnessed no price fluctuations or on-chain effects from USDC.
USDC remained stable in its financial and market performance. Fake announcements typically lack institutional and regulatory backing. Community sentiment, developer activity, and markets showed no significant reaction post-denial.
The incident reflects the dangers of misinformation within crypto spaces. Circle emphasizes its commitment to transparency, releasing timely disprovals on fraudulent reports.
“We confirm that the press release regarding the launch of tokenized gold (GLDC) and silver (SILC) swaps is fake.” — Circle Communications Team, Public Relations, Circle
Historically, Circle’s true initiatives include officially announced DeFi integrations and stablecoin developments. Financial and regulatory outcomes focus on verified launches, avoiding potential confusion caused by fake claims. Fraud prevention remains pivotal in technology sectors.
