# Miden announces a private-finance stack built around a USDC-backed private stablecoin as Shield Swap brings Flowdesk liquidity to confidential trading

Both projects aim at institutions that will not trade on public ledgers, and Miden pairs default privacy with transaction-level compliance tools, which raises the question of who holds the right to see the data.

- Published: 2026-10-18T05:40:05.953Z
- Canonical: https://polylog.news/crypto/2026-10-18/miden-announces-a-private-finance-stack-built-around-a-usdc
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/shield-swap-flowdesk-confidential-institution-trading/), [Miden (PriFi stack)](https://miden.xyz/prifi-stack), [Miden (Bread wallet)](https://miden.xyz/blog/bread-is-privacy-baked-in), [Edgen](https://www.edgen.tech/news/post/miden-to-launch-privacy-stablecoin-usdcx-backed-11-by-usdc)

Miden, a zero-knowledge blockchain that runs and proves transactions on users' own devices, has announced what it calls the PriFi stack, a set of products for private digital finance. The base asset is USDCx, a stablecoin backed one-to-one…

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