Circle Denies Fake Tokenized Metals Platform Launch
- Circle refutes fraudulent claims about a tokenized metals platform.
- Fraudulent release claims involve tokenized metals swaps.
- No impacts on markets or regulatory actions identified.
On Christmas Eve 2025, a fraudulent press release claimed Circle initiated a platform for tokenized gold and silver swaps, allegations immediately refuted by the company’s official statements.
The fabrication raised concerns about misinformation impacts despite no market or asset disruption, highlighting the importance of verifying official channels for accurate cryptocurrency updates.
A false press release distributed on Christmas Eve 2025 claimed that Circle launched a platform for tokenized gold and silver swaps using USDC USDC +0.02% . The company firmly denied this as fraudulent, with no supporting evidence from official channels.
Circle’s leadership, including CEO Jeremy Allaire and CTO Sean Neville, did not endorse the fake release. The release falsely quoted unnamed executives, but official communication identified it as fabricated, causing no organizational shifts.
The fraudulent release has had no immediate impact on financial markets or institutions. There were no notable changes in token prices or volume, with stable activity across crypto assets, including USDC.
The false claims made about a new platform resulted in Circle addressing the misinformation, emphasizing a lack of financial, business, or regulatory consequences. Industry players have not observed any market shifts as a result. Circle Denies Launch of Fake Tokenized Metals Platform
This incident highlights ongoing challenges in information security for companies like Circle. It underscores the necessity for vigilance in discerning fraudulent communications from legitimate corporate updates.
The financial landscape shows resilience given the absence of new market-driven technologies or regulatory concerns. Comparable historic incidents underline the crypto community’s capacity to identify and dismiss fraudulent claims, ensuring stability in deceptive scenarios.
Jeremy Allaire, CEO, Circle, said, “Circle has not launched any platform for tokenized gold or silver swaps. The press release circulating is entirely fraudulent.”
