# 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.

- Published: 2026-08-27T05:48:48.749Z
- Canonical: https://polylog.news/crypto/2026-08-27/miden-will-issue-a-private-usdc-backed-stablecoin-using-circ
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Miden](https://miden.xyz/blog/usdcx-on-miden-stablecoins-with-privacy)

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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