Miden plans to introduce USDCx, a native stablecoin backed 1:1 by USDC held through Circle’s xReserve infrastructure:
- Transactions will be private by default, while users can selectively prove balances, provenance and other information to auditors, regulators and counterparties:
- The stablecoin is expected to debut at the end of this month with the Miden mainnet, targeting payments, trading, payroll and corporate treasury use cases:
Miden, which spun out of Polygon as an independent project in April 2025, is set to launch a privacy-focused stablecoin backed by Circle Internet’s USDC:
USDCx will be issued natively on Miden using Circle’s xReserve infrastructure, allowing users to hold and transfer USDCx without publicly revealing balances:
The stablecoin is expected to go live at the same time as the Miden mainnet, targeted for the end of this month:
Miden aims to address one of the biggest limitations of using public blockchains for institutional finance: transparency:
Privacy infrastructure aims to bring the confidentiality of traditional finance onchain while preserving crypto’s programmability and verifiability:
