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Morning Edition · Sunday, August 30, 2026Published at 1:48 AM EDT · New York
Miden Puts a Private, Circle-Backed Dollar at the Center of Its Mainnet Launch
USDCx will be issued natively on Miden against USDC held through Circle's xReserve, with transactions private by default and balances disclosed selectively to auditors and counterparties.
Miden, the zero-knowledge network that spun out of Polygon in 2025, is launching USDCx, a stablecoin issued natively on Miden and backed one-for-one by USDC held through Circle's xReserve infrastructure. Transactions are private by default.…
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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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