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Taurus, Swiss technology company Krypto bindings This counts Deutsche Bank Among his customers is the introduction of evidence of zero knowledge (ZKP) Layer of Personal Data Protection for Stablecoins, starting with USDC Circle.
Taurus for Stablecoins, a way to secretly share details of private data using mathematical evidence, was built on the Aztec network focused on privacy. He continues to work on improving the protection of personal data of the ZKP for security tokens focused on banks and financial institutions published by Taurus at the beginning of this year.
Unlike everyday stablecoin transactions, ZKP app Tech means that balances and transfers are encrypted and readable only by authorized parties, such as issuers and regulators. This prevents unauthorized parties to monitor the wallet, the investment strategy of back engineering or physically focused on users of high value, according to the press release on Thursday.
Stablecoins are just one of the hottest areas in the crypt. Landmark Bill The introduction of a legal framework for edition and supervision of stablecoins was recently approved by the American Senate. Meanwhile, the Stablecoin offer increased around $ 250 billion, which is 1200% growth since 2020.
The ZKP technology, which is open source, brings privacy in the chain both to the cash leg and the safety leg of digital transactions, Taurus said.
“We have shown that it is possible to protect the privacy and security of stablecoin users while maintaining the functions of industry standard stablecoins,” said Jean-Philippe Aumasson, Chief Security Director of Taurus. “This solves concerns that we have heard repeatedly from banks dealing with the issuing of stablecoins, central banks and regulatory bodies.”
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