Circle launched CircleMetals.com, a new platform enabling customers to swap USDC for tokenized gold (GLDC) and tokenized silver (SILC). This initiative connects traditional commodities with blockchain-based finance.
The platform allows users to convert USDC into precious metal tokens at live market rates. It operates 24/7. Circle sources deep liquidity from COMEX reference markets to back the platform.
The move enhances the USDC ecosystem, positioning it as a universal settlement layer for both fiat and commodities. Circle targets institutional traders, fintech platforms, and developers with this new offering.
The offering aims to unlock new applications, including treasury management, cross-border settlement, and on-chain risk diversification.