Aleo launches private stablecoin USDCx
The solution provides hidden transactions and is suitable for institutional users.
11.12.2025 - 09:35
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Key points:
- Aleo has launched the private stablecoin USDCx — a version of USDC with zkSNARKS support that provides hidden transactions.
- The stablecoin was created through the Circle xReserve platform and retains the ability to provide regulators with the necessary data while keeping transaction details private
- The mainnet launch is scheduled for the end of January.
Aleo has introduced USDCx, a private version of Circle’s USDC stablecoin. The new version has been launched on a testnet. The first-layer blockchain utilizes zkSNARKS technology, which offers a high level of privacy, making transactions comparable to those in banking in terms of confidentiality.
Circle developed USDCx using the xReserve platform to address institutional users’ concerns about the complete transparency of public blockchains. This stablecoin provides regulators with the necessary information on regulatory compliance while hiding transaction details from public access.
Stablecoin advantages
According to Josh Hawkins, Aleo’s executive vice president of strategy and communications, the project has already attracted serious interest among both current stablecoin users and companies waiting for the emergence of a truly private payment infrastructure. USDCx can be used for payroll, payment system upgrades, international aid, and national security tasks.
Stablecoins allow global payments and transfers to be sent without revealing the structure of recipients’ income and expenses. The mainnet is scheduled to launch at the end of January. Last week, the Canton blockchain also implemented its version of USDCx, and Aleo became the second network to integrate Circle’s compatible stablecoin platform.
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