# Miden Says It Will Issue a Native Private Dollar Backed Through Circle's Reserve Programme

USDCx would let a Circle-backed stablecoin move with hidden amounts and counterparties, the first case of the largest regulated issuer supplying a confidential chain.

- Published: 2026-09-15T05:52:11.664Z
- Canonical: https://polylog.news/crypto/2026-09-15/miden-says-it-will-issue-a-native-private-dollar-backed-thro
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Miden](https://miden.xyz/blog/usdcx-on-miden-stablecoins-with-privacy), [Miden](https://miden.xyz/prifi-stack</source_url_placeholder)

Miden, a privacy-oriented zero-knowledge network, announced that a native dollar token called USDCx is coming to its chain, issued by Miden and backed by USDC through Circle's xReserve programme. The announcement accompanies what the team c…

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