Soda Labs

Circle

Stablecoin issuer

Token issuer or protocolPrivacy live

Circle put a privacy-preserving USDC in production: USDCx launched on Aleo in January 2026 through its xReserve programme, aimed at payroll and settlement flows where public amounts are a problem. Arc Privacy, confidential contracts for Circle's own chain, was announced in June 2026 without a date. Worth noting alongside this: Circle blacklisted a third-party confidential USDC wrapper in May 2026, freezing 12.6 million dollars, which shows how much the design of the privacy layer matters to an issuer.

Private by design.

See how confidential transactions work on the networks you already use.