Overview
- USDCx is live for developer testing on Aleo, enabling private dollar transfers validated by zero-knowledge proofs.
- Each token is backed 1:1 by USDC via Circle’s xReserve, allowing cross-chain movement without relying on third-party bridges.
- On-chain transaction details are concealed from the public, while compliance records can be accessed by Circle for lawful inquiries.
- Aleo becomes the second network to deploy an xReserve-powered USDCx following last week’s launch on Canton Network.
- A mainnet launch is targeted by the end of January 2026, and Circle’s shares gained about 6% after the announcement.