Fairblock launches privacy stablecoin CUSD on Arbitrum, supporting public or private transfers

According to Foresight News, decentralized privacy solution Fairblock announced the launch of the privacy stablecoin CUSD. This stablecoin is built on PYUSDx and is supported by M0, PayPal, MoonPay and Predicate. It was first deployed on Arbitrum.

CUSD supports public transfers and can also hide payment amounts and account balances. Institutions can protect payroll, treasury management and OTC settlement information, while individuals can hide payment amounts and transaction flows on the chain. Fairblock said it will continue to use financial incentives to drive adoption and expand the use of privacy features, and more details will be announced separately.