Circle опровергает слухи о фальшивой платформе CircleMetals для торговли драгоценными металлами Translation: Circle denies rumors about the fake CircleMetals platform for trading precious metals.

On December 24, a false press release circulated online, announcing the launch of a new project from Circle called CircleMetals, intended for trading tokenized gold and silver.

In a conversation with CoinDesk, representatives of the USDC co-issuer confirmed that the information was inaccurate.

CircleMetals allegedly allowed users to exchange stablecoins for digital representations of precious metals. Users were enticed with rewards in a nonexistent native token for engaging with the platform.

The publication falsely «quoted» CEO of Circle Jeremy Allaire and other company executives.

The press release also included a link to a website that immediately offered the option to connect a wallet.

Initially, the article featuring the fake announcement was posted on the Circle community forum but was quickly removed. It then appeared on other websites, including the corporate site Chainwire.

At the time of writing, all materials related to CircleMetals are unavailable, including the website.

The Circle team issued a separate post warning about increased scam activity during the holiday season.

«Please remain vigilant and attentive—verify the legitimacy of requests before taking any action, especially when asked to connect your wallet. If in doubt, double-check,» the message stated.

It’s worth noting that in November, criminals used a public channel to communicate with the Australian cyber police to scam local citizens out of their digital assets.