Zama Spin-Off Raycash Launches Private Stablecoin Payments on Ethereum @raycashxyz, a startup spun out of privacy protocol Zama, has launched its stablecoin app on Ethereum through a private beta, with over 75,000 users already on its waitlist. The app lets users convert USDC into confidential tokens, send and receive payments, and keep transaction amounts and balances hidden onchain. Users can also earn yield on their balances through Morpho, while Raycash handles Ethereum gas fees in the background, so there’s no need to hold ETH. The self-custodial app initially supports USDC, with more stablecoins planned. A private spending card is also in development.
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