Polygon launches private stablecoin payment feature

Polygon has launched a private stablecoin payment feature that uses zero-knowledge proof technology to conceal the sender, receiver, and transaction amount from external parties, Cointelegraph reported. The solution addresses a key hesitation for businesses considering on-chain operations: the inherent transparency of blockchain, which broadcasts fund flows to competitors and the market in real time. Polygon's new feature provides selective transparency, allowing companies to hide transaction details from the public while still being able to submit audit files to regulatory authorities.