Polygon Wallet launches privacy payment functionality for USDC and USDT.

CoinFeed reported on May 5th that Polygon Labs launched a stablecoin privacy payment feature in its consumer wallet on Monday, according to The Defiant. This feature, developed in partnership with the privacy protocol Hinkal, currently supports USDC and USDT. The Polygon wallet now features a "Privately Send" option, allowing users to send stablecoins from Polygon through a Hinkal shielded pool. The sender, receiver, and transaction amount are not publicly disclosed on the blockchain. The transfer is verified using zero-knowledge proofs; external observers can confirm the transaction has occurred but cannot see the participants or the amount. Polygon Labs stated that this feature targets institutional payment scenarios and aims to address the issue of excessive transparency in public blockchain payments.