Confidential translations and advanced programmability options
PayPal launched its stablecoin PYUSD on the Solana blockchain, adding a feature called “private transfers.” This innovation allows merchants to keep transaction amounts confidential while meeting regulatory transparency requirements. Previously only available on Ethereum, PYUSD benefits from Solana's speed and built-in confidential transfer capabilities, according to Helius Labs CEO Mert Mumtaz. The stablecoin also uses the Solana token extension standard to improve programmability, providing features such as “transmission interceptors” and compliance mechanisms. Since its launch in August 2023, the circulating supply of PYUSD has grown significantly, with current daily trading volumes reaching $18 million.
According to cointelegraph.com
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