New Milestone for Privacy Stablecoins
Aleo has announced the mainnet launch of USDCx, a privacy-enhanced stablecoin developed in collaboration with Circle. Built on Circle’s xReserve protocol, USDCx leverages Aleo’s zero-knowledge proof technology to offer institutional users a more confidential digital asset solution.
Tailored for Institutional Use
USDCx is designed for enterprise applications such as payroll processing, cross-border settlements, and vendor payments. By offering enhanced transaction privacy, it allows institutions to maintain compliance while improving financial operations efficiency.
Industry Support for Growth
The mainnet release has received backing from key fintech players including Toku, RequestFinance, Dynamic, Blockdaemon, and Chainalysis, who will contribute to ecosystem development and adoption across various sectors.
- Built on xReserve protocol
- Enables transaction privacy
- Targeted at institutional needs