Circle launches USDCx after partnering with Aleo

Circle has partnered with the privacy-focused blockchain Aleo to launch USDCx, a privacy-enhanced version of the stablecoin. According to Aleo co-founder Howard Wu, USDCx will enable the concealment of transaction data and asset flows, aiming to provide a bank-level security standard for high-value transactions and institutional payments.

The new product is designed to address the growing demand for privacy in digital finance, especially for organizations seeking to protect sensitive information while still utilizing transparent blockchain infrastructure. The integration of Aleo’s zero-knowledge proof ((ZK)) technology allows USDCx to maintain privacy without compromising verifiability.

This move marks a significant step for Circle in the privacy-focused cryptocurrency space and reflects the increasing trend toward private payment solutions on blockchain.