USDT launched on Zama: confidential stablecoin volume tops $131M
- —cUSDT uses the ERC-7984 standard to wrap ERC-20 into confidential tokens
- —Cumulative protected transaction volume for cUSDT reached $131.3 million
- —TVL of confidential assets stands at $7.7 million
- —16 Morpho vaults were added, the first of which gathered $40 million in TVL
Why it matters: Confidential stablecoins could attract institutional capital by hiding amounts and balances from the public blockchain.
Source: Crypto Briefing