How Confidential USDC Actually Works

Rand, founder of Zama, breaks down how confidential assets actually work without bridging It's not a swap. It works more like ETH and wrapped ETH. You deposit USDC into the confidential USDC contract and it mints the same amount as confidential USDC. People can see the deposit, but from there every transfer is shielded, so no one knows your balance or what you're moving. And it's all still on Ethereum, no new L1 required, just Ethereum with encryption. Add enough shielded assets and there's never a reason to unshield. #Zama #Privacy #Ethereum #Crypto #DeFi