Starknet will launch the STRK20 framework to support the issuance of privacy stablecoins and privacy DeFi assets.

Ethereum Layer 2 network Starknet has announced the launch of the new STRK20 framework to support the issuance of privacy stablecoins and other privacy assets, while also meeting compliance requirements. Developed by StarkWare, the framework is expected to launch on Starknet later this year. The STRK20 framework aims to provide token-level privacy for assets on Starknet, keeping transaction amounts and account balances confidential while remaining compatible with decentralized finance (DeFi) applications. It is also expected to be compatible with the ERC-20 asset standard, enabling most Ethereum fungible tokens to leverage this privacy capability and support applications such as private DeFi. (The Block)