# 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.

- Published: 2026-08-29T05:48:58.855Z
- Canonical: https://polylog.news/crypto/2026-08-29/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](https://miden.xyz/prifi-stack</source)

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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