Raycash launched on the Ethereum mainnet on November 9, wrapping $USDC 1:1 into confidential tokens compliant with the ERC-7984 standard. On-chain balances and transfer amounts are hidden using fully homomorphic encryption, and the platform covers gas fees, so users don't need to hold ETH. The waitlist had over 75,000 people before launch. The product is still in private testing, with access opening in batches.
The key question in this design is how to handle compliance: confidential tokens have no freezing or seizure functionality at the token level, but users can voluntarily grant viewing access to accountants and audit firms. Building selective disclosure into the product is closer to real-world payment scenarios than simply touting privacy.
The private test is still admitting users in batches, which suggests that the user experience and throughput have not yet been tested under public traffic. The yield from Morpho is also just an add-on within the app. How many of the 75,000 people on the waitlist will convert to actual payments remains to be seen in the on-chain data after full launch.
#稳定币 #隐私支付 #Zama
The key question in this design is how to handle compliance: confidential tokens have no freezing or seizure functionality at the token level, but users can voluntarily grant viewing access to accountants and audit firms. Building selective disclosure into the product is closer to real-world payment scenarios than simply touting privacy.
The private test is still admitting users in batches, which suggests that the user experience and throughput have not yet been tested under public traffic. The yield from Morpho is also just an add-on within the app. How many of the 75,000 people on the waitlist will convert to actual payments remains to be seen in the on-chain data after full launch.
#稳定币 #隐私支付 #Zama