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Polygon Wallet launches privacy payment features for USDC and USDT
Mars Finance News, according to market sources, Polygon Labs launched a stablecoin privacy payment feature in its consumer wallet on Monday. The feature was developed in partnership with the privacy protocol Hinkal and currently supports USDC and USDT. It is reported that the Polygon wallet has added a “Privately Send” option, allowing users to send stablecoins on Polygon through Hinkal’s shielded pool, with on-chain transactions not publicly revealing the sender, receiver, or transfer amount. These transfers are verified via zero-knowledge proofs, enabling external observers to confirm that valid transfers have occurred without viewing the involved parties or amounts. Polygon Labs stated that this feature is aimed at institutional payment scenarios, intending to address the issue of excessive transparency in public chain payments. The design also includes built-in Know Your Transaction (KYT) screening and operates in a non-custodial mode, meaning no operator holds user assets during the transfer process.