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Every USDC transaction is public. Your balance and every amount you send are visible to anyone with a block explorer. cUSDC is the same USDC, but with amounts and balances encrypted by default.
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How cUSDC works?
Shield, transact, and unshield at any time
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Use cases
Built for how money actually moves.
Confidential Treasury
Hold and pay in cUSDC without publishing your balances, payroll, or runway.
Confidential Payroll
Salaries and compensation stay between you and the recipient, not the entire chain.
Confidential Trading
Trade and settle size in cUSDC without exposing your strategy, positions, or terms. No MEV, no front-running.
Confidential Yield
Earn from audited DeFi strategies without exposing your deposits, balances, or allocation.
Compliance by design
Confidential Tokens are built on ERC-7984, with programmable compliance through the Zama Protocol's Access Control List (ACL).
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Encrypted by default.
Balances and amounts are confidential from the first transaction.
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Disclosed on your terms.
Grant visibility to auditors or regulators when required.
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Auditable by design.
Addresses and transaction history stay verifiable onchain.
Teams already building on Confidential Tokens
Real deployments, on Ethereum mainnet, today.
Morpho - Confidentiality Meets DeFi Yield
Confidential USDC now earns yield through Steakhouse USDC Prime on Morpho, the same vault strategy and risk profile, with deposit size, direction, and timing encrypted onchain.
T-REX - Institutional-Grade Confidentiality Infrastructure for RWA
Zama became the default confidentiality layer for T-REX Ledger, bringing FHE-powered privacy, compliance and interoperability together in one public blockchain infrastructure built for institutional scale.
Bron - Confidential payroll on Ethereum mainnet.
Bron's CFO paid team salaries on Ethereum mainnet using confidential USDT, amounts encrypted end-to-end with FHE, visible only to sender and recipient.
Raycash - Private, compliant banking rebuilt onchain.
Raycash delivers a Revolut-style banking experience — IBANs, cards, yield — fully self-custodial and powered by Zama's FHE encryption, keeping balances and transactions private while remaining compliant with regulators.
Blockscout - The first explorer to support confidential tokens natively.
Blockscout now indexes and displays ERC-7984 confidential token activity, showing transfers, senders, and recipients onchain while keeping encrypted amounts fully private, powered by the Zama Protocol.
GSR - The first confidential OTC trade on Ethereum mainnet.
GSR executed the first confidential over-the-counter trade using the Zama Protocol, with transaction amounts encrypted onchain between two KYC'd counterparties, eliminating information leakage and front-running risks.
Common questions
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Try it with any amount. Shield, send, and unshield to see exactly how it works.
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