stablecoin issued on the Ethereum blockchain, is getting a privacy component.
zkDAI is a Different Type of Stablecoin
More specifically, the Aztec Protocol enables private transactions on Ethereum.
Earlier this week, the team has minted 10,000 zkDAI.
As the name suggests, these are privacy-oriented counterparts of the traditional stablecoin.
To mint these coins, 10,000 normal DAI has been put into a contract.
This marks an important milestone for the stablecoin, as well as the future of privacy on the Ethereum blockchain.
Just because zkDAI exists, doesn’t mean anyone can use it as of yet.
It is not a currency supported by exchanges, albeit DEXes should have no problem integrating them in the future.