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Morning Edition · Wednesday, September 2, 2026Published at 1:46 AM EDT · New York
Miden Prepares a Private USDC-Backed Stablecoin Issued Through Circle's Reserve Contracts
USDCx will hide balances and counterparties by default while letting holders prove specific facts to auditors, with reserves held in contracts Circle deploys and operates itself.
Miden, a zero-knowledge network that spun out of Polygon in April 2025, announced USDCx, a stablecoin it will issue natively and back one-for-one with USD Coin held through Circle's xReserve system. Transactions will be private by default,…
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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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