Circle unveils USDCx on Aleo via xReserve as privacy chains seek stablecoin access

Circle and Aleo said Tuesday that USDCx, a privacy‑oriented representation of USDC, is live on Aleo via Circle's xReserve. The asset is fully backed by USDC held in xReserve and interoperable with USDC on networks such as Ethereum, reflecting privacy‑focused chains' efforts to access regulated, dollar‑pegged assets amid growing demand for onchain confidentiality tools.