Overview
- USDCx is live on Aleo’s testnet as of December 9, enabling confidential on-chain dollar transfers using zero-knowledge proofs.
- Each transaction embeds a compliance record accessible to Circle, delivering what Aleo describes as banking-level privacy rather than full anonymity.
- The token is backed 1:1 by USDC held in Circle’s xReserve, supporting burn-and-mint interoperability without third-party bridges.
- Aleo highlights use cases including global payroll, humanitarian aid, e-commerce, peer-to-peer payments, and private DeFi, with developers now experimenting.
- A mainnet launch is expected by the end of January 2026, and Aleo is the second network to integrate xReserve after Canton.