Crypto firm for Deutsche, Street Street launches private stablecoin contract

Crypto infrastructure provider Taurus said the new contract could increase practical adoption of stablecoins, especially among businesses with sensitive transfers.

Digital asset infrastructure provider Taurus has deployed a private contract for stablecoins designed to offer untraceability and anonymity.

Built on the Aztec Network, Taurus’ stablecoin contract combines zero-knowledge proofs with the compliance features of existing stablecoins, the company disclosed on Thursday. The new contract can increase adoption of stable assets for payrolls, intracompany payments and other sensitive transfers, it said.

Taurus provides infrastructure for major firms entering the digital asset space, including a global partnership with Deutsche Bank in 2023 and a management solution deal with State Street in 2024.