Dual-mode model treats privacy as a native property of the asset rather than an optional overlay with @fhenix An asset can remain fully public for liquidity and composability, then switch to a confidential state in a single transaction without bridging to compose with existing Defi - For stablecoins, this means balances and transfer amounts can stay encrypted by default merchants and users settle privately while compliance checks still run on the encrypted data. → Selective disclosure lets auditors or regulators see only what is required. - For RWAs ownership and position sizes no longer sit in plain view. Accreditation rules, transfer restrictions, and cap-table constraints can be enforced cryptographically. → Investors keep strategy and holdings private while the asset remains usable across protocols. → In payments, amounts and counterparties can be hidden from the broader network, reducing information leakage and competitive exposure.