Circle Partners with Inco Network to Launch a More Private Version of ERC-20 Token Standard

Circle, the company behind the widely used USDC stablecoin, has teamed up with Inco Network to develop a more privacy-focused version of the ERC-20 token standard. The new “Confidential ERC-20 Framework,” detailed in a whitepaper released on October 28, aims to enhance user privacy while maintaining regulatory compliance. Unlike typical ERC-20 tokens, which openly display account balances and transaction details on-chain, the Confidential ERC-20 Framework uses a wrapped version of these tokens to hide this information. However, it preserves wallet address visibility, distinguishing it from fully anonymous transactions.

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