Aleo launches USDCx on Aleo Testnet via Circle xReserve, enabling secure interoperability with USDC across supported blockchains.
We’re excited to share that Aleo is now connected to Circle xReserve. Through this integration, Aleo has launched USDCx, a USDC-backed stablecoin, on Aleo Testnet.
About Aleo
Aleo is a Layer 1 blockchain built for fully private applications using zero-knowledge proofs. It enables programmable privacy by default, allowing developers to build decentralized apps where user data stays encrypted. Aleo provides scalability, programmable privacy, and enterprise-grade compliance to support blockchain use cases and enterprise applications.
What is USDCx
USDCx is a dollar-denominated stablecoin deployed by Aleo, fully backed by USDC held in Circle xReserve. xReserve is a non-custodial smart contract and interoperability infrastructure that provides deposit and minting attestations for USDCx on Aleo, enabling secure and verifiable asset issuance and crosschain transfers.
xReserve works in tandem with Circle Gateway and Circle CCTP to make USDCx on Aleo interoperable with USDC across supported blockchains, without reliance on third-party bridges.
USDCx on Aleo
Token Name: USDCx
Token Symbol: USDCx
Powering new use cases
With USDCx on Aleo’s private, zero‑knowledge infrastructure, developers and institutions can explore transformative use cases such as:
- Global Payroll: Companies can pay a global workforce securely and compliantly, without revealing compensation structures or creating personal security risks.
- Critical Aid Distribution: Aid organizations can deliver funds directly to vulnerable populations without putting recipients at risk. Payments remain confidential end-to-end, protecting identities, preventing targeting, and ensuring resources reach the people who need them most.
- Truly Global E-commerce: USDCx on Aleo brings privacy to digital payments, so shoppers and merchants can transact without exposing purchase histories, pricing strategies, or business intelligence. This safeguards competitive information, reduces fraud, and enables frictionless international commerce with the stability and speed of digital dollars.
- P2P Payments & Remittances: People can send funds to family, friends, and communities without revealing savings, spending habits, or identity-linked financial details. Individuals get the speed and global reach of stablecoins with privacy that feels as natural as cash.
- DeFi: USDCx on Aleo is a dollar rail that links Aleo to global liquidity while preserving programmable, application-layer privacy, giving DeFi builders trusted capital flows and privacy where it matters.
- Configurable Compliance: Aleo’s zero-knowledge architecture enables participants to cryptographically prove adherence to regulatory standards without exposing underlying user data or transaction history to the public.
Get started today
Visit Aleo to learn more about USDCx on Aleo.
Dive into our documentation to learn more about xReserve.
