Summary
- Polygon said it has introduced a privacy feature that can hide transaction information when transferring stablecoins USDC and Tether (USDT).
- Polygon Labs said it added a 'Privately Send' feature to its wallet and processes transactions through Hinkal's shielded pool.
- The company said the system uses Zero-Knowledge Proof and KYT (Know Your Transaction) screening to ensure both privacy and verifiability, while operating on a non-custodial basis.
Polygon has introduced a privacy feature that hides transaction details for stablecoin transfers.
Wu Blockchain reported on May 5 that Polygon Labs added a "Privately Send" feature to its wallet and began supporting payments in USDC and Tether's USDT.
The feature processes transactions through Hinkal's shielded pool instead of standard on-chain transfers. That keeps key details such as the sender, recipient and transfer amount from being publicly disclosed.
The system uses zero-knowledge proofs to preserve transaction privacy while maintaining verifiability. Polygon said all private transactions undergo Know Your Transaction, or KYT, screening before execution, and the protocol operates on a non-custodial basis.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
