‼️ Circle is developing a “confidential” stablecoin

📈 Circle, the world’s second-largest stablecoin issuer, is developing a privacy-focused stablecoin called USDCx in collaboration with blockchain company Aleo.

✅ USDCx is intended for banking institutions, many of which want to use blockchain-based payment systems but do not do so because their transactions would become public.

The new stablecoin is expected to provide “bank-level” privacy, but will allow Circle to provide compliance reports if law enforcement or regulatory authorities request transaction information.