Circle has recently entered the tokenized commodities market with the introduction of GLDC and SILC. These new digital assets provide users with the opportunity to trade USDC for tokenized gold and silver continuously. This trading option is powered by deep liquidity based on COMEX reference markets, ensuring real-time pricing and seamless transactions.
Through CircleMetals.com, users can instantly exchange USDC for gold or silver tokens that are securely issued and settled on-chain. This integration extends to various wallets, decentralized finance apps, and institutional trading platforms, further enhancing accessibility.
The launch comes during a remarkable time for precious metals. Gold and silver have each reached new heights, with gold surpassing $4,500 and exhibiting a year-to-date increase of over 70%. Silver, in a similar rally, jumped to over $72, reflecting a staggering 140% rise this year. This surge is attributed to growing expectations of looser monetary policies in 2026, with markets forecasting multiple rate cuts in the upcoming year.
Circle posits that tokenized commodities represent a natural evolution within capital markets. By merging gold and silver with the programmable capabilities of USDC, the company is opening avenues for innovative applications in treasury management, settlement processes, and diversifying risk strategies. This development not only increases liquidity but also aligns with the global movement toward digitizing traditional assets.