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Morning Edition · Thursday, August 27, 2026Published at 1:48 AM EDT · New York
Miden Will Issue a Private USDC-Backed Stablecoin Using Circle's Reserve Infrastructure
USDCx transactions are confidential by default, with selective proofs of balance and provenance available to auditors, regulators and counterparties.
Miden announced USDCx, a stablecoin issued natively on its network and backed one-for-one by USD Coin held in Circle's xReserve contracts. Transactions are private by default. Users can produce zero-knowledge proofs of a balance, a source o…
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Part of a tracked trend
Privacy Chains Pivot From Niche to Institutional Pitch
Over 3-6 months, confidential execution reframes as a prerequisite for serious/institutional on-chain use, with privacy L2s shipping live networks and contesting who controls confidentiality.
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