Public stablecoins have found product-market fit, with volumes reaching $30 trillion in 2024.

But they're only the first phase of adoption.

When you send USDC today, you expose your entire financial history to the recipient.

Everything from past transactions, current holdings, and they can monitor your future activity.

This fundamentally breaks the UI/UX of money.

This isn’t how it’s supposed to work. It simply never has.

And if anyone tells you that public money is a good thing, they don’t have your best interests in mind.

Imagine if using Apple Pay at a coffee shop meant revealing your entire bank statement to the barista. You wouldn't accept this in traditional finance, so why accept it in crypto?

Private stablecoins solve this by combining the stability of fiat-backed tokens with the privacy properties users expect from money.

And crucially, they can do this while maintaining configurable compliance for different jurisdictions.

First-gen privacy coins like Zcash lacked this programmable compliance layer, which limited institutional adoption and predictably caught the attention of regulators.

The breakthrough with private smart contracts is enabling both privacy AND compliance simultaneously.

I believe private versions of all major tokens will become standard within 5-10 years.

Not because privacy is a nice feature, but because it's fundamental infrastructure for real-world adoption.

The future isn't public OR private: it's private BY DEFAULT with optional transparency.

That’s the only thing that makes sense, and until we get there, there will be no “mass adoption.”