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Morning Edition · Thursday, September 10, 2026Published at 1:53 AM EDT · New York
Miden Pitches Private Finance With a USDC-Backed Token as Ethereum Coalition Pushes to Encrypt the Mempool
Miden will issue USDCx through Circle's xReserve with transactions private by default and selective disclosure to auditors, while a separate coalition presses for encrypted transactions before inclusion.
Miden, the zero-knowledge network that spun out of Polygon in 2025, has announced what it calls the PriFi stack, a set of components for private institutional finance, alongside USDCx, a native stablecoin backed one-for-one by USDC held thr…
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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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