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Morning Edition · Saturday, August 29, 2026Published at 1:48 AM EDT · New York
Miden Will Issue a Private USDC-Backed Stablecoin Using Circle's xReserve Infrastructure
USDCx transactions will be confidential by default while letting holders prove balances and provenance selectively to auditors, regulators and counterparties.
Miden, the zero-knowledge network that spun out of Polygon in 2025, will issue USDCx, a stablecoin backed one-for-one by USDC held through Circle's xReserve infrastructure. The token is scheduled to arrive with the network's mainnet, and it…
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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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