ChainCatcher report: Starknet, Ethereum’s Layer 2 network, announced on X that the STRK20 testnet will launch next week, with the mainnet scheduled for late April. STRK20 is designed to support the issuance of privacy-preserving stablecoins and other privacy assets while meeting compliance requirements, aiming to provide token-level privacy on Starknet—keeping transaction amounts and account balances confidential and compatible with DeFi applications.
Starknet Announces STRK20 Testnet Launch Next Week, Mainnet Expected by End of April
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Summary
Starknet announced on X that the STRK20 testnet will launch next week, with mainnet expected by the end of April. This token launch marks a key milestone in the project’s roadmap. STRK20 enables privacy-preserving stablecoins and other privacy-focused assets while meeting compliance standards. It aims to deliver token-level privacy for Starknet assets, keeping transaction amounts and balances confidential and fully compatible with DeFi applications. The update brings significant new on-chain developments to the ecosystem.
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