$ALEO PANews December 9—According to Fortune, Circle will partner with privacy-focused blockchain Aleo to launch a new stablecoin called USDCx, aiming to provide “bank-grade privacy.” The transaction history of this coin will not be visible to the public and will only appear as encrypted data “information blocks.” However, every transaction will include compliance records that Circle can access upon law enforcement request. Aleo co-founder Howard Wu stated that USDCx meets institutional confidentiality needs and has already attracted interest from potential partners such as Request Finance and Toku.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$ALEO PANews December 9—According to Fortune, Circle will partner with privacy-focused blockchain Aleo to launch a new stablecoin called USDCx, aiming to provide “bank-grade privacy.” The transaction history of this coin will not be visible to the public and will only appear as encrypted data “information blocks.” However, every transaction will include compliance records that Circle can access upon law enforcement request. Aleo co-founder Howard Wu stated that USDCx meets institutional confidentiality needs and has already attracted interest from potential partners such as Request Finance and Toku.