Imagine holding a stablecoin where your balance and every transfer stay encrypted by default no one scraping the chain sees what you own or where it goes. When you need to prove a payment, show a position to a lender, or meet a compliance check, you flip it public for that moment. Same token, same contract, no wrapper, no split liquidity. That’s what confidential by design, public when you want actually looks like. It works the same for tokenized real-world assets (ownership stays private until an audit), private DeFi positions that still compose with public pools, or everyday payments that feel like cash until you choose otherwise. Full control, zero compromise. @fhenix makes the dual mode switch practical with FHE on Ethereum.