Circle Builds Privacy-Boosted USDCx for Banks

[nihalsari]

Circle is developing a new privacy-enhanced stablecoin called USDCx, designed specifically for banks and enterprises seeking confidentiality on blockchain rails. Built with privacy network Aleo, USDCx promises “banking-level privacy” while still allowing Circle to provide compliance records when required. The move aims to remove one of the biggest barriers keeping major institutions from using public blockchains: fully transparent transaction histories.

[Nahid Hossen]

Banks adopting privacy-focused stablecoins is a huge shift for traditional finance.

[Abdul Khan]

USDCx could become the bridge layer banks were waiting for.