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Raycash launches private beta for encrypted dollar payments and yield on Ethereum mainnet

Protocol Fundamentals
09 Nov 2026, 11:08 WIB
Crypto Briefing
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Bullish
Raycash launches private beta for encrypted dollar payments and yield on Ethereum mainnet

Raycash, a stablecoin payments startup spun out of Zama, has launched a private beta on Ethereum mainnet allowing users to hold encrypted dollar balances, send peer-to-peer payments, and earn yield. The app uses Fully Homomorphic Encryption to keep transaction amounts confidential while keeping sender and recipient addresses visible onchain. This approach balances privacy and transparency, aiming to prove demand for encrypted finance beyond protocol milestones. With an 80,000-person waitlist, the beta's success will depend on user adoption and system performance given the resource-intensive encryption technology.

Raycash's launch of confidential stablecoin payments on Ethereum provides context for readers interested in cryptocurrency trends. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 09, 2026 16:01 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell today. Balancer (BAL) gained 11.14% to Rp16.297, EOS.IO (EOS) rose 8.13% to Rp12.649, while Ripple (XRP) declined 5.56% to Rp19.874 with a Pluang order activity of 38% Sell and 62% Buy.

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