Privacy Pools, an on-chain privacy solution backed by Ethereum co-founder Vitalik Buterin, is adding support for stablecoins, providing a way to use assets such as USDT and USDC like cash, according to an announcement made on Wednesday. The protocol plans to add support for Tether's USDT, Circle's USDC and Sky's algorithmic DAI stablecoins.
Privacy Pools was created by Ameen Soleimani and Zak Cole to enable on-chain privacy while maintaining compliance. It uses a hybrid network design first proposed by Buterin in 2023, called an "association set provider" to filter out illegal or unwanted funds, and its development company 0xbow has raised funds from Bankless, Number Group, Public Works, and several angel investors, including Buterin.
Vitalik Buterin-powered on-chain privacy solution Privacy Pools adds stablecoin support
2025-06-25 22:05:21
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