Circle partners with Aleo to launch two privacy-focused stablecoins

USDC issuer Circle has partnered with zero-knowledge blockchain Aleo to launch two privacy-focused stablecoins, UDSC and UDSCX, Fortune Crypto reported. UDSC is designed to process transaction amounts and balances anonymously and is guaranteed to be redeemable on a one-to-one basis with the original USDC. The two stablecoins feature selective disclosure of transaction history, offering an anonymous transfer option for financial institutions and individuals who prefer not to publicize their transaction details.