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Someone is using Circle's name to cause trouble. A fake press release has recently been circulating online, claiming that Circle has launched a platform called "CircleMetals," which allows users to exchange USDC for supposedly tokenized gold (GLDC) and silver (SILC). Even more outrageous, this fake press release impersonates Circle's CEO Jeremy Allaire and other executives, quoting their statements.
Circle has officially confirmed to the media that this is completely false. A spokesperson clearly stated that the press release "is not genuine." This tactic of using the name of a major company to create false information occurs occasionally in the crypto world, possibly to attract investments or to create market chaos. Users should be extra cautious before seeing any official statements to avoid falling for scams.