Miden plans to launch the privacy stablecoin USDCx, which is expected to be launched simultaneously with the mainnet

According to CoinDesk, the privacy blockchain project Miden plans to launch the privacy stablecoin USDCx, which is based on Circle's xReserve infrastructure and is native to the Miden network, anchored 1:1 with USDC. Users holding and transferring USDCx will not publicly disclose their balance, counterparties, or trading history, but selective information disclosure is supported for compliance purposes. The stablecoin is expected to be launched simultaneously with the Miden mainnet, with the goal of launching the Miden mainnet by the end of this month. Miden sees USDCx as the foundation of its PriFi privacy finance direction, covering scenarios such as institutional transactions, B2B payments, payroll management, and cross-border payments.