Crypto custodian Taurus launches first stablecoin contract with privacy features

On June 26, according to CoinDesk, digital asset infrastructure company Taurus (whose clients include Deutsche Bank and State Street Bank) launched the first private stablecoin contract for financial institutions and enterprises, aiming to address the concerns of users who are on the sidelines of using stablecoins due to privacy issues.

The contract is built on the privacy-focused Ethereum second-layer network Aztec Network (supported by a16z), combining zero-knowledge privacy protection with compliance functions designed with reference to the USDC model, including minting/destruction control, emergency suspension, blacklist mechanism and audit log functions. #stablecoin