Important points
- Circle introduces GLDC and SILC to enable users to exchange highly liquid COMEX-based tokenized gold and silver for USDC 24/7.
- Gold and silver both hit record highs in December, rising more than 70% and 140% respectively since the beginning of the year.
Circle today announced that it has entered the tokenized products market with the launch of GLDC and SILC, two new digital assets representing tokenized exposure to gold and silver.
The service, available through CircleMetals.com, allows users to instantly exchange USDC for tokenized gold or silver at real-time prices backed by liquidity modeled after the COMEX reference market.
Tokens are issued and settled on-chain and integrated into wallets, DeFi apps, and institutional trading platforms.
“USDC was built to be a trusted, transparent digital cash for the internet economy,” said Circle CEO Jeremy Allaire. “With GLDC and SILC, we extend that trust to gold and silver while maintaining the speed, accessibility, and configurability that developers and institutions expect from USDC.”
Circle's expansion comes amid growing interest in precious metals. Gold hit an all-time high of over $4,500 yesterday and is now up more than 70% year-to-date, while silver has soared above $72 this week, capping a 140% rise in 2025.
Analysts attribute the momentum to expectations for monetary easing in 2026, with markets now pricing in at least two rate cuts next year.
Circle said tokenized products are a natural evolution of capital markets, and bringing gold and silver into the same real-time programmable environment as USDC opens up new use cases in treasury, payments and risk diversification.
