PANews May 5 news, according to The Defiant report, Polygon Labs launched a stablecoin privacy payment feature in its consumer wallet on Monday, in cooperation with the privacy protocol Hinkal, currently supporting USDC and USDT.

It is reported that the Polygon wallet now has a new "Privately Send" option, allowing users to send stablecoins on Polygon through Hinkal's shielded pool, where the sender, receiver, and transfer amount will not be publicly disclosed on-chain. The relevant transfers will be verified through zero-knowledge proofs, allowing external observers to confirm that a valid transfer has occurred, but without being able to see the participants and the amount.

Polygon Labs stated that this feature is aimed at institutional payment scenarios, designed to address the issue of excessive transparency in public chain payments. The design also incorporates Know Your Transaction (KYT) screening and operates in a non-custodial manner, meaning no operators hold user assets during the transfer process.

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