PANews reported on April 22 that BitMart has announced that its BitMartCard now supports direct exchange for USDCx. USDCx is a USD stablecoin deployed on the Aleo network, described as one of the earliest privacy-focused and programmable USD-denominated stablecoins on Aleo. The official statement says that USDCx is powered by Circle's xReserve infrastructure and is fully backed 1:1 with USDC held on it.

Unlike traditional stablecoins on public blockchains where transaction records are publicly available by default, USDCx operates on Aleo's zero-knowledge proof (ZK) capabilities, aiming to enhance transaction privacy while maintaining the efficiency and global availability of digital dollar settlements. The official statement indicates that this design can be used to protect sensitive financial information such as payroll payments, supplier payments, and personal spending.