Circle Denies Launch of Fake Gold and Silver Trading Platform
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 25 2025- Fake Platform Exposed: A spokesperson for Circle confirmed that the announcement regarding a platform called 'CircleMetals' for gold and silver trading is fake, indicating that the company has not launched any related products, thereby protecting users from potential scam risks.
- Scam Tactics Revealed: The fraudulent release claimed users could trade USDC for tokenized gold and silver, leveraging Circle's branding for deception, which illustrates scammers' strategy of exploiting reputable names for phishing attacks, urging users to remain vigilant.
- User Safety Warning: Circle emphasized that any platform asking users to connect wallets under the Circle name should be treated with caution, calling on users to verify announcements through official channels to prevent financial losses.
- Market Impact Analysis: This incident highlights the frequent impersonation risks faced by stablecoin issuers like Circle, and as tokenization narratives gain traction, users must approach 'too good to be true' DeFi products with skepticism to safeguard their assets.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
