Aleo launches USDC-backed USDCx stablecoin on testnet for privacy-first blockchain
Key Takeaways
- Aleo launched USDCx, a USDC-backed stablecoin, on its testnet for privacy-first blockchain transactions.
- USDCx uses Circle's xReserve infrastructure, allowing full USDC backing and cross-chain interoperability without third-party bridges.
Aleo, a privacy-first blockchain infrastructure, has launched USDCx , a USDC-backed stablecoin, on its testnet to enable confidential digital dollar transactions using zero-knowledge proofs.
The stablecoin deployment utilizes Circle’s xReserve infrastructure, which allows blockchain teams to launch USDC-backed assets with cross-chain interoperability. USDCx maintains full USDC backing without relying on third-party bridges.
Aleo uses zero-knowledge proofs to enable confidential transactions without exposing sensitive data on public ledgers. The integration supports privacy-preserving use cases including global payroll and peer-to-peer payments.
Circle’s xReserve serves as interoperability infrastructure for blockchain teams to deploy USDC-backed stablecoins with seamless value transfer across supported networks. The collaboration provides trust-minimized interoperability and configurable compliance features.
The testnet launch targets sectors such as e-commerce and DeFi by offering privacy-by-design functionality that allows compliance verification without revealing sensitive transaction details on public ledgers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Aster DEX's On-Chain Momentum: Signaling the Future of DeFi
- Aster DEX reported $27.7B daily volume and $1.399B TVL in Q3 2025, outpacing DeFi benchmarks with 2M users. - Institutional whale activity, including CZ's $2M ASTER purchase, drove $5.7B inflows and 800% volume spikes. - Hybrid AMM-CEX model and ZKP privacy tech enabled 40.2% TVL growth, 77% private transactions, and 19.3% perpetual DEX market share. - ASTER's margin trading upgrades and Stage 4 airdrops fueled 30% price surges, while Aster Chain's 2026 launch will integrate privacy-preserving ZKPs. - On
Astar (ASTR) Price Rally: Protocol Enhancements and Ecosystem Growth Drive Long-Term Value
- Astar (ASTR) surged 150% due to protocol upgrades and ecosystem expansion, positioning it as a sustainable value creation case study in blockchain. - Tokenomics 3.0 (fixed 10.5B supply) and Burndrop mechanism created deflationary incentives, supported by Galaxy Digital's $3. 3M OTC investment and Astar's $29.15M buyback. - Cross-chain interoperability with Polkadot/Plaza and Sony's Soneium, plus partnerships with Toyota and Japan Airlines, expanded real-world utility in logistics, identity, and loyalty p
Astar 2.0 Debut and Tokenomics Revamp: Driving DeFi Innovation and Attracting Institutional Participation
- Astar Network's Astar 2.0 introduces Tokenomics 3.0 with fixed 10.5B ASTR supply and 5% annual burn rate to stabilize value for institutional investors. - The update features Burndrop mechanism, asynchronous cross-chain security, and ESG-aligned protocols to address regulatory risks and attract traditional capital. - Plaza platform enables seamless asset transfers across Ethereum , BSC, and Polkadot , while zkEVM scalability targets 300,000 TPS by 2026 for enterprise-grade DeFi solutions. - Governance sh
PNC Bank launches Bitcoin trading for high-net-worth clients
Trending news
MoreCrypto prices
More
