Polygon launches confidential stablecoin transfers with zero-knowledge privacy tech.

Polygon has introduced a new wallet feature allowing confidential stablecoin transfers using zero-knowledge cryptography via a partnership with Hinkal. This technology hides sender, recipient, and transaction details from public blockchain records while maintaining regulatory transparency through KYT protocols and audit capabilities. The move aims to attract institutional users who require privacy similar to traditional finance. Polygon's stablecoin holdings recently hit a record $3.6 billion, reflecting growing demand for privacy in blockchain payments amid broader industry trends and regulatory support for stablecoins.