# Miden Puts a Private USDC-Backed Stablecoin at the Center of Its Network Launch

USDCx will be issued natively through Circle's xReserve contracts rather than a third-party bridge, with transactions private by default and selective disclosure to auditors and counterparties.

- Published: 2026-09-14T05:49:22.021Z
- Canonical: https://polylog.news/crypto/2026-09-14/miden-puts-a-private-usdc-backed-stablecoin-at-the-center-of
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Miden](https://miden.xyz/prifi-stack), [Miden](https://miden.xyz/blog/usdcx-on-miden-stablecoins-with-privacy), [CoinDesk](https://www.coindesk.com/tech/2026/08/12/miden-bets-on-privacy-stablecoins-with-introduction-of-usdcx)

Miden, a zero-knowledge network built around client-side execution, has announced USDCx, a stablecoin backed one-to-one by USDC held in Circle's xReserve contracts. The backing sits in contracts Circle deploys and operates on Ethereum, so t…

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