Aleo to Launch USDCx, a Private and Programmable Stablecoin Built for Real-World Use

USDCx on Aleo Testnet via Circle xReserve unlocks private, programmable payments for the global digital economy

SAN FRANCISCO--(BUSINESS WIRE)--The Aleo Network Foundation, the non-profit corporation that oversees the health of the Aleo Network, a privacy preserving blockchain that powers secure, programmable, payments, today announced the launch of USDCx on Aleo Testnet using Circle’s new xReserve infrastructure.

Most blockchain transactions lack the ability to support private transactions, leaving identity and financial data publicly exposed. With Aleo’s zero-knowledge cryptography innovations, USDCx on Aleo can enable private stablecoin payments. USDCx on Aleo is designed to meet both the privacy expectations of consumers and compliance standards of businesses.

Circle xReserve is a new infrastructure service that is enabling Aleo to deploy USDCx, a USDC-backed stablecoin that is fully interoperable with USDC on supported chains. USDCx on Aleo is a private stablecoin engineered to deliver security and enables seamless crosschain transfers into USDC without relying on third-party bridging services.

“After years of hype, blockchain is entering its utility era. However, most stablecoins today run on blockchains where all the transactions can be viewed and analyzed, a dynamic that shapes how quickly mainstream users engage,” said Leena Im, Chief Operating Officer at the Aleo Network Foundation. “This launch signals a broader interest in privacy-first blockchain architecture, much like the internet’s move from HTTP to HTTPS, which made security and trust the default.”

USDCx on Aleo enables new blockchain applications allowing institutions and consumers to transact privately without sacrificing speed or reach. As one of the few entirely American blockchain companies, Aleo is advancing U.S. leadership in financial innovation with open, compliant infrastructure for the digital economy.

“Circle xReserve represents a meaningful step forward in how we enable blockchain teams to bring trust, transparency, and responsible innovation to the heart of internet-native finance,” said Kash Razzaghi, Chief Commercial Officer at Circle. “The launch of USDCx on Aleo pairs high-quality reserve assets with on-chain visibility and privacy to strengthen the foundation that businesses rely on as they scale stablecoin use globally.”

About The Foundation and the Aleo Network

The Aleo Network is the privacy-first infrastructure layer for digital payments. Powered by zero-knowledge cryptography, Aleo combines end-to-end encryption with smart contract programmability, bringing privacy, compliance, and scalability to stablecoins and blockchain-based financial systems.

Backed by leading investors including a16z, Softbank and Coinbase Ventures, the Foundation is headquartered in the U.S. and focused on enabling the next generation of secure, on-chain, financial infrastructure.

For more information about Aleo and to stay updated on its latest developments, visit www.aleo.org.