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Morning Edition · Tuesday, September 8, 2026Published at 1:45 AM EDT · New York
Miden Puts a Circle-Backed Private Dollar at the Center of Its Network Launch
USDCx will be issued by Miden against USD Coin held in Circle-operated xReserve contracts on Ethereum, with private transfers by default and selective disclosure for auditors and counterparties.
Miden, the zero-knowledge network that spun out of Polygon as an independent project, is launching USDCx, a native stablecoin backed one-for-one by USD Coin (USDC) and issued through Circle's xReserve infrastructure. Transfers are private b…
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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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