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Morning Edition · Saturday, October 24, 2026Published at 1:47 AM EDT · New York
Miden Pitches a Private-by-Default Finance Stack as Kraken Users Report Questions About Monero Withdrawals
Miden's plan uses USDCx, a token backed one-for-one by USDC with selective disclosure for auditors, while the Kraken reports show the scrutiny that fully private coins face at regulated exchanges.
Miden, a zero-knowledge blockchain, has announced what it calls the PriFi stack, a set of tools for private on-chain finance. According to Edgen, the base asset is USDCx, a stablecoin issued natively on Miden and backed one-for-one by USDC…
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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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More from this edition
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- Initia Halts Its Blockchain After a MoveVM Bug Lets an Attacker Mint Unbacked Tokens and Move $2.6 Million to Ethereum
- Aztec Sets an End-2030 Deadline for Post-Quantum Migration and Commits to Formally Verifying Its Whole Stack
- Franklin Templeton Puts $150 Million of Fund Shares on the XRP Ledger in One Wallet That Shares Signers With the Issuer
- Security Roundup: Slice Module on Base Loses $41,000 to Fake Payout Contracts as NEAR Intents Closes Its $3.8 Million Case
- Aave Lowers Its USDT Utilization Threshold to 92%, Raising Borrowing Costs Earlier to Protect Withdrawals
- HSBC Brings Its RedCoin Stablecoin to 3.3 Million PayMe Users as the OCC Finalizes Redemption Rules for US Issuers
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