Coinbase Moves Toward Private Stablecoin Transactions on Base

[tradelikepro]

Coinbase CEO Brian Armstrong announced that the company is working to enable private stablecoin transactions on Base, its Ethereum layer-2 network. The move could mark a major step toward improving privacy on public blockchains.

In a post on X, Armstrong revealed that Coinbase’s March acquisition of crypto privacy platform Iron Fish is central to this effort. While he didn’t clarify if these transactions will require Know Your Client (KYC) checks, Armstrong promised more details soon.

If successful, the initiative could offer users greater protection for financial data and reduce exposure to hackers and scammers.

[Nahid10]

Coinbase’s Base network is evolving into a privacy-conscious payments ecosystem.

[EmTeam]

Private stablecoin transfers could bridge compliance and confidentiality in mainstream finance.