Circle Launches Privacy-Preserving Stablecoin, USDCx, on Aleo Testnet
Circle, the issuer of the USDC stablecoin, has begun testing a wrapped version called USDCx on the Aleo Layer 1 network. Aleo utilizes zero-knowledge cryptography to encrypt on-chain activity. USDCx is designed to offer bank-level privacy rather than full anonymity. Circle’s approach is to provide confidentiality while still maintaining necessary compliance records, limiting public visibility … Read more