# Miden launches a private-finance stack around Circle-backed USDCx as Ethereum researchers publish a private stablecoin design

Miden's partners cover identity, custody, neobanking and tokenized real-world assets that settle with amounts and counterparties hidden, and its Bread wallet brings that privacy to ordinary transfers and swaps.

- Published: 2026-10-10T05:48:41.996Z
- Canonical: https://polylog.news/crypto/2026-10-10/miden-launches-a-private-finance-stack-around-circle-backed
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [Miden](https://miden.xyz/prifi-stack), [Miden](https://miden.xyz/blog/bread-is-privacy-baked-in), [Privacy Dispatch](https://privacydispatch.beehiiv.com/p/privacy-dispatch-introducing-prifi), [Ethereum Research](https://ethresear.ch/t/private-stablecoin-on-ethereum/26140), [Bitcoin Magazine](https://bitcoinmagazine.com/news/seth-for-privacy-bitcoin-tips)

Miden is a privacy-focused network that spun out of Polygon Labs. It has announced what it calls the PriFi stack, a group of partner firms building financial services that settle on Miden. According to Privacy Dispatch, the partners cover i…

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