USDCx appears on Aleo as privacy-focused blockchains seek stablecoin access

The integration highlights how privacy-first blockchains are adapting to a stablecoin-driven crypto economy as demand grows for regulated, dollar-backed assets.

Circle has introduced a privacy-focused version of its USDC stablecoin on Aleo, highlighting a broader push by privacy-oriented blockchains to gain access to regulated, dollar-backed assets as demand for onchain privacy tools increases.

Circle and Aleo announced Tuesday that USDCx on Aleo is now available via Circle’s xReserve, a reserve-backed issuance model that allows USDC (USDC) to be represented on additional blockchains without relying on third-party bridges. 

USDCx on Aleo is fully backed by USDC held in xReserve and is interoperable with USDC across other supported networks, including Ethereum and several major layer-1 and layer-2 blockchains where USDC is natively issued.

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