Circle is launching USDCx, a privacy-centric stablecoin on the Aleo network. This new token allows users to keep transaction histories confidential while complying with regulations. Expected to go live on Aleo's mainnet by the end of January, USDCx aims to provide secure payment options for various use cases, including payroll and remittances.

Privacy Pools, an on-chain privacy solution supported by Ethereum co-founder Vitalik Buterin, has announced the integration of Sky’s USDS stablecoin. This marks the first step in their expansion into multi-asset privacy pools, enhancing their offerings in the decentralized finance space.

Senators Elizabeth Warren and Richard Blumenthal have questioned Meta about its stablecoin plans ahead of a key Senate vote on the GENIUS Act. The lawmakers are concerned about potential privacy issues and whether Meta has lobbied for the bill, specifically regarding restrictions on Big Tech firms owning stablecoin issuers. The letter also references Meta's troubled history with its previous stablecoin initiative, Libra.