PANews reported on December 9th that, according to Fortune, Circle will partner with the privacy-focused blockchain Aleo to launch a new stablecoin, USDCx, aiming to provide "bank-grade privacy." The coin's transaction history will be invisible to the public, appearing only as encrypted data "blocks," but each transaction will include a compliance record that Circle can access upon law enforcement request. Aleo co-founder Howard Wu stated that USDCx meets institutions' needs for confidentiality and has already attracted interest from potential partners such as Request Finance and Toku.PANews reported on December 9th that, according to Fortune, Circle will partner with the privacy-focused blockchain Aleo to launch a new stablecoin, USDCx, aiming to provide "bank-grade privacy." The coin's transaction history will be invisible to the public, appearing only as encrypted data "blocks," but each transaction will include a compliance record that Circle can access upon law enforcement request. Aleo co-founder Howard Wu stated that USDCx meets institutions' needs for confidentiality and has already attracted interest from potential partners such as Request Finance and Toku.
Circle will launch the USDCx stablecoin, which supports "bank-grade privacy" and will be deployed on the Aleo blockchain.
PANews reported on December 9th that, according to Fortune, Circle will partner with the privacy-focused blockchain Aleo to launch a new stablecoin, USDCx, aiming to provide "bank-grade privacy." The coin's transaction history will be invisible to the public, appearing only as encrypted data "blocks," but each transaction will include a compliance record that Circle can access upon law enforcement request. Aleo co-founder Howard Wu stated that USDCx meets institutions' needs for confidentiality and has already attracted interest from potential partners such as Request Finance and Toku.
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