Taurus Crypto Custodian Taurus Launches Contract With Privacy Features

Digital Asset Infrastructure Taurus, whose clients include Deutsche Bank and State Street, concluded the first private Stablecoin agreement and focused on financial institutions and companies that hesitate to use stablecoins for personal data protection.

Built on Aztec networkPrivacy A16Z Privacy Agreement, the contract combines privacy with zero knowledge with compliance with USDC compliance, including mint/burn controls, emergency pauses, black documents and audit audit logging.

This step coincides with the adoption of stablecoin, which grows rapidly for everyday transactions outside the crypto. Since the US Chamber, which submitted the Act on the Brilliant Act to create a regulatory framework for the asset class, he said that he expects to expect the global offer of Stablecoin to speed up and reach $ 1-2 trillion by 2030.

With this private Stablecoin Taurus contract, financial institutions that are concerned about privacy will be able to issue stablecoins in the cash registers or ministries, while the balances and transfers remain encrypted.

For example, the company could use this private stablecoin for a cross -border payroll without revealing employees or amounts to competitors or random viewers. At the same time, if the regulatory authorities need access, the system design allows them in.

“This is dealing with concerns that we have heard repeatedly from banks dealing with the issuance of stablecoins, central banks and regulatory bodies,” said JP Aumasson, Chief Security Director of Taurus. “We have shown that it is possible to protect the privacy and security of stablecoin users while maintaining the features of standard stablecoins in the field.”