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Zama launches private-beta confidential swap protocol on Ethereum with $40M in encrypted USDC vaults.

Protocol Fundamentals
15 Sep 2026
Crypto Daily
View Source
Bullish
Zama launches private-beta confidential swap protocol on Ethereum with $40M in encrypted USDC vaults.

Zama has introduced a private-beta confidential RFQ swap protocol on Ethereum, enabling encrypted trading against cUSDC. This protocol keeps trade details like size and direction hidden, with participation limited to whitelisted market makers. It builds on Zama's earlier confidential USDC vault, which by September 2026 had over $40 million in deposits managed through Morpho, maintaining user privacy without altering the underlying lending strategy. The swap fees are used to buy back and burn ZAMA tokens, integrating the swap venue into the token's economic model. This development advances privacy in DeFi trading and yield strategies on Ethereum.

Zama's new confidential RFQ swap protocol on Ethereum is introduced as Pluang data shows 10 of 50 major cryptocurrencies rose while 39 fell today. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 15, 2026 22:41 WIB: EGLD (MultiversX) traded at Rp70.523 with a 1-day change of -3.53% and a typical hold time of 84 days, NEO (Neo) was at Rp37.800 down 3.42% with 95 days typical hold time, and KSM (Kusama) priced at Rp67.392 down 3.38% with a typical hold time of 79 days. Pluang order activity showed strong selling pressure on NEO and KSM at 100% sell orders.

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