Circle, which issues the USDC stablecoin, has denied that it has received a Wells notice. That denial was recorded in a tweet by CSO Dante Disparte on Feb. 14.

Disparte wrote:

“Circle has not received a Wells notice.”

Unsubstantiated rumors emerged earlier today suggesting that U.S. Securities and Exchange Commission had sent a Wells notice to Circle. The serving of such a notice would mean that the regulator plans to begin enforcement against the company.

Those rumors were primarily spread by FOX Business reporter Eleanor Terret, whose account has since been removed from Twitter. Terret said:

I went with the word of several trusted sources on this. I apologize for the mistake.