Miden to Launch USDCx With Circle’s xReserve Infrastructure

Miden is preparing to launch USDCx, a USDC-backed stablecoin with private transactions, using zero-knowledge proofs and Circle’s xReserve infrastructure.

• Miden is launching USDCx, a privacy-focused stablecoin backed by USDC, utilizing Circle's xReserve infrastructure and zero-knowledge proofs.
• USDCx will offer private transactions by default, concealing balances and transaction histories, addressing concerns about public blockchain transparency for businesses.
• This launch follows a successful institutional transaction on the Canton Network where USDCx was used as the cash leg in a tokenized U.S. Treasury settlement.

Source: cryptotimes

Read the full article: https://rwatimes.io/articles/cryptotimes-miden-to-launch-usd-cx-with-circles-x-reserve-infrastructure-3539536403?utm_source=reddit&utm_medium=social&utm_campaign=reddit

This post contains content not supported on old Reddit. Click here to view the full post