Source: DigitalToday
Original Title: Circle develops privacy-focused stablecoin USDCx… partners with Aleo
Original Link:
It has been reported that Circle, the stablecoin issuer, is developing a new privacy-enhanced dollar-pegged token called USDCx.
USDCx targets banks and corporate users, focusing on overcoming the limitations of existing public blockchains where transaction details are exposed.
Circle is developing USDCx in collaboration with privacy-centric blockchain company Aleo(Aleo). Unlike traditional stablecoins, wallet addresses and transaction records will not be publicly visible on the blockchain, and records of specific transactions can be provided only upon law enforcement request. This approach aims to address transaction transparency issues, which are a major reason why financial institutions hesitate to adopt blockchain-based payments.
Aleo emphasized that privacy will be a key focus in the next phase of stablecoin adoption. Digital asset infrastructure provider Taurus(Taurus) is also developing an anonymous transaction system for B2B payments and payroll.
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SuckersWhoLoveToLaugh
· 12-10 02:08
$ALEO ALEO is like a frigid woman right now—it will drain all your passion for her! By the time she returns to normal, you may no longer be the one who gets to enjoy her!
Circle collaborates with Aleo to develop privacy-focused stablecoin USDCx
Source: DigitalToday Original Title: Circle develops privacy-focused stablecoin USDCx… partners with Aleo Original Link:
It has been reported that Circle, the stablecoin issuer, is developing a new privacy-enhanced dollar-pegged token called USDCx.
USDCx targets banks and corporate users, focusing on overcoming the limitations of existing public blockchains where transaction details are exposed.
Circle is developing USDCx in collaboration with privacy-centric blockchain company Aleo(Aleo). Unlike traditional stablecoins, wallet addresses and transaction records will not be publicly visible on the blockchain, and records of specific transactions can be provided only upon law enforcement request. This approach aims to address transaction transparency issues, which are a major reason why financial institutions hesitate to adopt blockchain-based payments.
Aleo emphasized that privacy will be a key focus in the next phase of stablecoin adoption. Digital asset infrastructure provider Taurus(Taurus) is also developing an anonymous transaction system for B2B payments and payroll.