Taurus Launches Private Stablecoin Contract for Financial Institutions

Generated by AI AgentCoin World
Thursday, Jun 26, 2025 8:27 am ET1min read
ETH
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Taurus, a digital asset infrastructure firm, has launched the first private stablecoin contract, targeting

financial institutions
and businesses that have been hesitant to use stablecoins due to privacy concerns. The contract is built on the Aztec Network, a privacy-focused
Ethereum
layer-2 backed by a16z, and combines zero-knowledge privacy with compliance features modeled on USDC. These features include mint/burn controls, emergency pause, blacklisting, and audit logging.

The move comes as stablecoin adoption is rapidly growing for everyday transactions outside of crypto. With the U.S. Senate passing the GENIUS Act to create a regulatory framework for the asset class, Taurus expects the global stablecoin supply to accelerate and reach $1–2 trillion by 2030. This private stablecoin contract allows financial institutions to issue stablecoins in payment or treasury applications while keeping balances and transfers encrypted. For instance, a company could use this private stablecoin for cross-border payroll without revealing staff names or amounts to competitors or random onlookers. At the same time, the system’s design allows regulators access when needed.

JP Aumasson, chief security officer at Taurus, stated, "This addresses concerns that we’ve repeatedly heard from banks looking at issuing stablecoins, central banks, and regulators. We showed that it’s possible to protect the privacy and security of stablecoin users while retaining the features of industry-standard stablecoins."

Taurus's clients include major financial institutions such as

Deutsche Bank
and
State Street
. The launch of this private stablecoin contract is a significant step towards addressing the privacy concerns of financial institutions and businesses, making stablecoins a more viable option for everyday transactions. The combination of zero-knowledge privacy and compliance features ensures that the stablecoin can be used securely and transparently, meeting the needs of both users and regulators.