According to BlockTempo, Circle has launched a new platform, CircleMetals.com, allowing users to directly exchange USDC for tokenized gold (GLDC) and tokenized silver (SILC). The service enables 24/7 real-time conversions based on market prices, aiming to bridge traditional commodities with blockchain-native finance. GLDC and SILC are issued on public blockchains and linked to COMEX for liquidity and price discovery. The move expands USDC's role beyond digital dollar settlements into commodity-backed assets.
Circle Launches CircleMetals Platform for Tokenized Gold and Silver with USDC
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Summary
Circle has launched CircleMetals.com, a blockchain-based platform for converting USDC into tokenized gold (GLDC) and silver (SILC). The service operates 24/7 with real-time pricing, linking to COMEX for liquidity. GLDC and SILC are issued on public blockchains, expanding USDC’s role into commodity-backed assets. The move could influence the market cap of stablecoin-linked commodities.
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