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.
Polygon Labs is laying off about 60 employees as it transitions from a blockchain foundation to a blockchain-enabled payments company. This move coincides with its acquisition of crypto payments firm Coinme, whose team will be integrated into Polygon...
Circle has become a founding member of the x402 Foundation, supporting an open protocol that uses the HTTP 402 status code to enable direct, account-free payments over the internet using USDC stablecoin. This protocol allows machines and AI agents to...
