US EditionCircle to Launch Private Version of USDC for Banks
USDCx uses zero-knowledge cryptography to protect transaction data while allowing Circle to provide compliance records, targeting banks and institutions seeking privacy with regulatory access.
- Circle and Aleo announced USDCx, a privacy-preserving USDC stablecoin on Aleo's testnet, with a mainnet launch targeted around late January, issued via Circle's xReserve infrastructure.
- Demand for institutional privacy has grown as clients of banks resist exposing business revenues and payment histories, and Aleo’s specialization in private transactions helps banks and legacy traditional finance firms address this roadblock.
- On Aleo, transactions use zero-knowledge cryptography so on-chain observers see opaque data and to public viewers appear as `blobs of data`.
- Targeted primarily at banks and legacy traditional finance firms, USDCx has appeared on Aleo's testnet and drawn interest from Request Finance and Toku, while BlackRock, Robinhood and Stripe expand token projects.
- Every transaction produces a `compliance record`, and Circle can access it for regulators, so the system is not fully anonymous; Howard Wu called it `banking-level privacy, as opposed to 'privacy privacy.
23 Articles
23 Articles
The asset is called USDCx and will be issued in partnership with Aleo. Read more
USDCx brings privacy-preserving stablecoin payments to Aleo via xReserve
Standard Chartered‑backed Aleo Network Foundation is launching USDCx, a USDC‑backed, privacy‑preserving stablecoin on Aleo testnet via Circle xReserve, targeting compliant private payments. Aleo Network Foundation has unveiled plans to launch USDCx, a privacy-preserving, programmable stablecoin on the Aleo testnet, using…
Circle and Aleo Introduce USDCx to Advance Private Stablecoin Adoption
Circle has expanded its stablecoin portfolio through a partnership with the privacy-focused Layer 1 blockchain Aleo, resulting in the launch of USDCx, a new digital dollar designed to offer enhanced confidentiality for institutional users. The token is currently active on the Aleo Testnet and leverages Circle’s recently introduced xReserve infrastructure. This development is being positioned as a significant advancement toward resolving a widesp…
Circle, the issuer of the famous USDC, is taking a decisive step by developing USDCx, a stable corner designed to offer bank confidentiality to companies and institutions. Designed in partnership with Aleo, this project responds to a growing demand: how to take advantage of the blockchain without exposing its transactions to the big day? USDCx article: Circle plays the card of discretion to attract large companies has appeared first on Cointribu…
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