Taurus launches the ‘first private smart contract for stablecoins’

Taurus has launched what it claims to be the first private smart contract for stablecoins, which focuses on user privacy and compliance.

The contract employs zero-knowledge proofs, allowing only authorized entities to view transaction data while enabling minting, burning, and address blacklisting.

This launch aligns with new regulatory frameworks like the GENIUS Act, reflecting the growing need for privacy and security in stablecoin transactions.