Taurus launches the first institutional privacy stablecoin contract

On June 26, Block Rhythm reported that the digital asset infrastructure company Taurus (whose clients include Deutsche Bank and State Street Bank) launched the first private stablecoin contract aimed at financial institutions and enterprises, designed to address the concerns of users who are hesitant to use stablecoins due to privacy issues.

The contract is built on the privacy-focused Ethereum Layer 2 network Aztec Network, combining zero-knowledge privacy protection with compliance features designed based on the USDC model, including mint/burn controls, emergency pause, blacklist mechanisms, and audit logs.