Coinbase is working to make crypto transactions more private through its Ethereum layer-2 network, Base. CEO Brian Armstrong said the team is adding private stablecoin transactions, a move to help keep people’s financial details more secure. He mentioned on X that this project has been in progress since Coinbase bought the Iron Fish team in March 2025.
This move could change how privacy works in crypto by letting people make secure transactions while still keeping things transparent when necessary.
Some users want this kind of privacy in order to protect their money and shield hackers or scammers.
However, regulators have a tendency to keep such tools under close watch because they fear they may be used for illegal activities.
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