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Morning Edition · Thursday, September 3, 2026Published at 1:55 AM EDT · New York
Miden Will Issue a Private, USDC-Backed Stablecoin Using Circle's xReserve Infrastructure
USDCx transactions are private by default, with holders able to prove balances and provenance selectively to auditors, regulators and counterparties.
The zero-knowledge network Miden will issue USDCx, a stablecoin backed one-for-one by USD Coin held in a Circle xReserve smart contract. Transfers are confidential by default. Rather than publishing balances and counterparties to every obse…
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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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- Ethereum Layer 2 Silicon Shuts Down With 9.75 Million Dollars Still on the Chain
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