# Miden Will Issue a Private Dollar Token Backed by USDC Through Circle's Reserve Program

USDCx keeps transfers private by default while letting holders prove balances and provenance selectively to auditors and counterparties, and it arrives with the network's mainnet launch.

- Published: 2026-08-25T05:50:40.344Z
- Canonical: https://polylog.news/crypto/2026-08-25/miden-will-issue-a-private-dollar-token-backed-by-usdc-throu
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Miden](https://miden.xyz/blog/usdcx-on-miden-stablecoins-with-privacy)

Miden announced USDCx, a dollar token issued on its own network and backed one-for-one by USD Coin held through Circle's cross-chain reserve program. Transfers are private by default, and holders can produce proofs of balance, provenance or…

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