Circle is developing a privacy-enhanced version of USDC, aiming to meet growing institutional demand for confidential onchain transactions. The new token, called USDCx, is being built with the privacy-first blockchain Aleo, Fortune reported, citing Aleo co-founder Howard Wu.
Unlike traditional stablecoins,where wallet activity is fully transparent on public blockchains USDCx is designed to offer “banking-level privacy.” While transaction details would be shielded from the public, Circle would still be able to provide compliance records to regulators or law enforcement when required.
The initiative targets a major pain point for banks and enterprises that have held back from blockchain rails due to the visibility of their transaction flows.
Vincent Liu, CIO at Kronos Research, shared his insights on the new stablecoin rollout, saying:
“Privacy isn’t a niche feature anymore, it’s the missing infrastructure layer institutions have been waiting for. Circle’s move with USDCx signals that stablecoins are entering a maturity phase where compliance and confidentiality can finally coexist.”
Aleo has long argued that privacy is a prerequisite for the next wave of stablecoin adoption. In a May post, the company said transparency becomes a “liability” when payments involve sensitive or confidential data. Other firms are moving in the same direction: as previously reported, Taurus has built a private smart-contract system enabling anonymous stablecoin transfers for corporate payments and payroll.
Circle’s USDCx effort lands amid a surge of institutional stablecoin experimentation following the U.S. GENIUS Act, the new regulatory framework for dollar-pegged tokens.
Citigroup has teamed up with Coinbase to test stablecoin-based payment rails, while JPMorgan, Bank of America, and other major firms are also exploring similar technology. Western Union is building a Solana-based settlement system that includes a U.S. dollar payment token, and Visa continues to expand its stablecoin integrations.
Average stablecoin supply by issuer. Source: Visa Onchain Analytics
Today, dollar-backed stablecoins dominate the market: USDC and Tether’s USDt account for around 85% of global supply, with synthetic dollars and PayPal’s PYUSD also among the leading issuers.
Kemitraan strategis Nubank dengan Circle untuk mengintegrasikan USDC ke dalam platform kripto merupakan langkah besar dalam memperluas layanan kripto di Brasil. Langkah ini sejalan dengan tren adopsi mata uang digital yang terus meningkat di wilayah tersebut, memposisikan Nubank sebagai pemimpin dalam lanskap keuangan yang terus berkembang.
Xu LinCircle dan SBI Holdings telah bermitra untuk mengembangkan USD Coin (USDC) di Jepang, dengan memanfaatkan perubahan regulasi. Kolaborasi ini bertujuan untuk menetapkan standar baru di sektor keuangan, dengan SBI mencari persetujuan untuk layanan pembayaran elektronik. Meskipun Circle berbasis di Amerika Serikat, Asia memimpin dalam adopsi USDC. Langkah ini sejalan dengan dorongan Jepang menuju ekonomi Web3. SBI Shinsei Bank akan mendukung akses USDC, berkontribusi pada kapitalisasi pasarnya yang mencapai $24,6 miliar, memposisikannya sebagai stablecoin terbesar kedua.
BerniceEksploitasi $ 361,876 $ USDC.e dari KyberSwap terhadap #AVAX mengekspos kerentanan DeFi. Kewaspadaan komunitas dan mitigasi cepat oleh KyberSwap menekankan perlunya peningkatan keamanan yang berkelanjutan dalam keuangan terdesentralisasi.
Cheng YuanLangkah ini mengikuti revisi terbaru pemerintah Jepang terhadap Undang-Undang Layanan Pembayaran pada tanggal 3 Juni 2023, yang bertujuan untuk mengatur stablecoin.
DavinStandar token inovatif ini bertujuan untuk mengatasi fragmentasi dengan menggunakan bentuk USDC yang dijembatani pada blockchain Ethereum Virtual Machine (EVM).
JasperPenerbit Stablecoin, Circle, telah mengumumkan peningkatan v2.2-nya, yang bertujuan untuk mengurangi biaya transaksi sekitar 7%. Meskipun pengumuman ini membawa nada janji, beberapa orang mungkin melihatnya sebagai upaya untuk tetap relevan dalam lanskap yang semakin kompetitif.
JasperPerusahaan dikatakan sedang berdiskusi dengan para penasihat, mempersiapkan potensi penawaran umum perdana
BrianMoody's Analytics akan menggunakan pembelajaran mesin dan berbagai indikator untuk mengumpulkan dan menilai stablecoin berkapitalisasi besar, yang bertujuan untuk mendeteksi potensi depegging.
JixuPengumuman Circle untuk menghentikan akun konsumen telah memicu perdebatan sengit dalam komunitas kripto di tengah-tengah rintangan regulasi yang semakin dalam.
KikyoMengubah poin loyalitas tradisional menjadi mata uang digital. Langkah inovatif dari Circle, BitoGroup, dan Taiwan FamilyMart ini mendorong transisi Taiwan menuju ekonomi digital yang terdesentralisasi dengan memanfaatkan perilaku konsumen yang sudah ada.
YouQuanGoogle teamed up with K-pop group Le Sserafim to launch a global campaign showing how its AI tool Gemini can help with everyday tasks. The music video-style ad blends pop culture and tech, featuring real-life uses of Gemini on Android phones.
JoyBrazilian police dismantled a crime ring run from prisons that extorted small business owners and laundered money using cryptocurrency. The operation, named "Timeo," led to the seizure of $45,000 in cryptoassets and millions in bank accounts linked to the racket.
WeatherlyThree deaf K-pop artists from South Korea formed a group called Big Ocean and use AI to help them sing and perform. They debuted in 2024, gained fans worldwide, and show that hearing loss doesn’t stop people from making music.
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AnaisA casual question on X about how politeness in AI interactions impacts electricity use revealed that OpenAI's politeness costs could run into tens of millions of dollars. Despite these costs, OpenAI remains focused on improving model efficiency and expects substantial revenue growth in the coming years.
AnaisPaul Atkins has been sworn in as the new Chair of the SEC, promising clearer rules for crypto and market oversight. He supports innovation and is expected to speed up decisions on crypto ETFs and regulations.
AnaisSouth Koreans are holding $73.4 billion in crypto, a significant increase driven by political shifts and growing market interest. The country’s crypto holdings surged after Trump’s election, with regulatory changes and stablecoin concerns shaping future developments.
WeatherlyUnicoin has refused to settle with the SEC and plans to fight fraud charges in court. The SEC claims the company broke securities laws, while Unicoin says the case is politically motivated.
AnaisThe US government says Google is using its AI assistant Gemini to keep control over online search and may need to sell Chrome or Android. A court hearing is underway, and the DOJ wants strong action to stop Google from blocking fair competition.
AnaisMeta is using AI in the US to detect teens who lie about their age and move them into safer Teen Accounts on Instagram, Facebook, and Messenger. The system adds stronger privacy settings and now asks parents to help confirm their child’s age.
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