Raycash has started a beta on the Ethereum mainnet for private stablecoin payments, encrypting user balances and transaction amounts. The service supports USD Coin (USDC) converted into confidential tokens under the ERC-7984 standard, allowing private transfers and yield earning via Morpho. Users can fund accounts through bank transfers, cards, or stablecoins, and withdraw to bank accounts, with Raycash covering Ethereum gas fees so users don't need ETH. The wallet is self-custodial with no token freeze functions, and users can share viewing access selectively. Raycash is also developing a private spending card called Raycard.
Raycash's Ethereum beta for private stablecoin payments provides context for readers following cryptocurrency trends. As of Nov 10, 2026 10:21 WIB, 33 of 50 major cryptocurrencies on Pluang rose while 16 fell. Notable movers include SAND at Rp770 with a 3.37% increase and 80% buy activity, ENJ at Rp419 up 3.26% with 100% buy orders, and COMP priced at Rp366.180 rising 2.61%.
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