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Morning Edition · Friday, September 11, 2026Published at 1:49 AM EDT · New York
Miden Frames Confidential Stablecoins as the Core Product, Not a Privacy Feature
The team plans USDCx, a token backed one for one by USD Coin held in Circle's xReserve contracts, with balances hidden by default and selective disclosure to auditors.
Miden, a zero-knowledge network built around client-side execution, published its case for what it calls the private finance stack and named the first product: USDCx, a native stablecoin issued by Miden and backed one for one by USD Coin he…
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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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