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Circle Internet Financial has moved to solve the transparency bottleneck preventing mass institutional blockchain adoption. On Tuesday, the firm announced the testnet launch of USDCx, a privacy-enhanced iteration of its flagship stablecoin developed in partnership with the zero-knowledge Layer-1 blockchain Aleo.
According to Fortune report, public blockchains reveal balances, counterparties, and cash flows. Hence, institutions hesitate to use them for high-value settlement.
Circle and Aleo aim to fix this gap by pairing stablecoin utility with concealed transaction details. The new design keeps blockchain tra…
Read The Full Article Circle and Aleo Launch ‘USDCx’: A Privacy-First Stablecoin for Institutional Settlement On Coin Edition.
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