The first fully private stablecoin from @aleohq and @circle Aleo is a privacy-first blockchain where data is hidden by default backed by a16z crypto, Haun Ventures, Polychain, Samsung Next, SoftBank, and many others and just as important, the project is built by a world-class team with experience in U.S. government institutions, Google, Meta, and major crypto companies -------- So what exactly is the first fully private stablecoin? Aleo is launching USDCx on the Aleo testnet using Circle xReserve this is literally one of the world’s first private and programmable stablecoins Circle xReserve is a new infra service that allows deploying USDCx, a USDC-based stablecoin fully compatible with USDC USDCx enables seamless cross-chain transfers in USDC across supported networks without third-party bridges which means users can make fully confidential transactions while staying compatible with real-world assets -------- My thoughts & why this matters: - privacy stops being a “feature for enthusiasts” and becomes a baseline requirement for a normal financial UX - a rare example where privacy & compliance can actually coexist instead of conflict - the first fully private assets open the door to even more real use cases (corporate settlements, trading without exposing strategy, etc.) - the market has been looking for a solution that combines real-world assets + privacy for a long time this tweet was written in partnership with the team, and i’m really excited to work with a team pushing privacy to a new level NFA, DYOR