The private block chain Miden plans to launch a stable dollar USDCx

On 13 August, Miden, the Privacy Block Chain, plans to introduce a stable currency focused on privacy protection, supported by USDC under the Circe flag. At the same time, the Zero Knowledge Block Chain is preparing to be officially launched on the main network. According to the press release issued by Miden on Wednesday, USDCx will be launched on the Miden network and will use the ERServe infrastructure of Circe. USDCX will be fully supported by Circle USDC, which is stored in a smart contract in xReserve. Users can hold and transfer USDCX in a way that allows for the disclosure of account balances, counterparties and the history of the transaction. The USDCx is expected to go online in tandem with the Miden main network, currently targeting the end of this month. Miden is a California-based zero-knowledge (ZK) block chain that uses the “client-side proof” structure, where transactions are performed and documented on user devices, rather than directly exposing transaction information to the entire network。