Vitalik's Privacy Policy Privacy Pools Add Support for Stablecoins

According to The Block, Privacy Pools, a privacy protocol supported by Ethereum co-founder Vitalik Buterin, has announced the addition of stablecoin support. This protocol will allow users to anonymously transfer stablecoins such as USDT, USDC, and DAI through zero knowledge proof technology, achieving privacy transactions similar to cash. Privacy Pools adopts Buterin's "associated set provider" mixing scheme proposed in 2023, which can filter illegal funds while ensuring privacy on the chain. Users need to deposit ERC-20 tokens through the 0xbow wallet, which can then be withdrawn to a new anonymous address. The startup company 0xbow, which developed this technology, has previously received investments from institutions such as Bankless and Buterin himself.