Circle introduces USDCx on Aleo as privacy-focused stablecoin flows reach $1.22T in 24 months

Circle has launched USDCx, a USDC-backed stablecoin on the privacy-first Aleo blockchain, targeting demand for confidential transfers. Over the past 24 months, institutional stablecoin settlements reached $1.22 trillion, while private settlement flows remained below 1%, highlighting what some see as a large upside for privacy-oriented infrastructure.