Cointime update: Raycash, a stablecoin payments company spun out of fully homomorphic encryption protocol Zama, has launched on Ethereum mainnet in invite-only beta with a waitlist exceeding 75,000. Users can wrap existing stablecoins 1:1 into ERC-7984 privacy tokens, keeping balances and transfer amounts encrypted on-chain, with USDC supported first. The self-custodial wallet offers permissionless redemption and no token-level freeze or seizure, and lets users earn yield on idle balances via Morpho.
Zama Spinout Raycash Launches ERC-7984 Privacy Stablecoin Payments on Ethereum
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