Polygon Wallet launches privacy payment features for USDC and USDT

robot
Abstract generation in progress

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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin