Circle's USDCx stablecoin arrives on Cardano with privacy-focused transactions
Circle has finalised a deal to bring its USDCx stablecoin to the Cardano blockchain. The move was confirmed by Cardano founder Charles Hoskinson and Anastasia Labs CEO Philip DiSaro. A test mint of 14 million USDCx took place on 27 February 2026, just before the expected mainnet launch by the end of the month.
USDCx is not the same as the standard USDC stablecoin. Instead, it is a version fully backed by the original USDC through Circle's Xreserve system. This alternative is designed for blockchains that do not support the Ethereum Virtual Machine, including Cardano.
The stablecoin also introduces enhanced privacy features. Transactions on Cardano will use Zero Knowledge Proof technology to keep details confidential. A recent report from Cexplorer showed a multimillion mint of 14 million USDCx on the network.
No other companies or institutions have publicly announced support for USDCx on Cardano. However, the full integration is set to be officially confirmed within the next 36 hours.
The agreement marks a key step for Cardano's stablecoin ecosystem. USDCx will offer users privacy-focused transactions while maintaining a one-to-one peg with USDC. The mainnet launch is expected to follow shortly after the final confirmation.
