🎯 CIRCLE LANCIA USDCX: PRIVATE STABLECOIN ON ALEO WITH ZK 🎯
Circle, issuer of USDC, is testing USDCx, a privacy-preserving version of its stablecoin on the Aleo blockchain, using zero-knowledge proofs to ensure banking privacy without sacrificing compliance.
Every transaction includes a "compliance record" accessible only to Circle for authorities, while to the public it appears as indecipherable data, solving the problem of total transparency in public blockchains.
Developed through the xReserve platform, USDCx is backed 1:1 by USDC in Circle's smart contract, eliminating risky bridges with a secure burn-and-mint mechanism.
This enables institutional use cases: confidential global payroll, business payments without leaks of sensitive data (e.g., salaries, strategies), humanitarian aid distribution, and settlements for prediction markets or critical infrastructure.
The move addresses banks and companies reluctant due to privacy concerns, accelerating tokenization and stablecoin adoption in regulated contexts such as EU MiCA and USA GENIUS Act.
Aleo, with zkSNARKs and funding from a16z/SoftBank, is testing on testnet with mainnet in January 2026.
USDCx evolves stablecoin from trading tool to privacy-compliant infrastructure, bridging traditional finance and blockchain.
