Raycash launches confidential stablecoin payments on Ethereum
The Zama spin-off allows users to complete private transactions and earn yield on idle balances through lending protocol Morpho.
Key takeaways
- 1Raycash launched its application on Ethereum on 9 November 2026.
- 2The app enables private stablecoin transfers and yield generation via Morpho.
Raycash, a spin-off company originating from cryptography group Zama, officially launched its application on the Ethereum blockchain on 9 November 2026. The platform introduces confidential stablecoin payments to Ethereum users alongside a mechanism to earn private yield on idle balances.
The application enables individuals and institutions to send and receive stablecoin payments without publishing exact transfer amounts or wallet totals to the public ledger. To generate returns, Raycash connects directly with the Morpho lending protocol, allowing users to deposit inactive funds into yield-bearing pools without compromising their identity or balance history.
Standard transactions on Ethereum expose account balances, counterparty addresses and settlement values to anyone monitoring the public network. Raycash relies on cryptographic techniques developed by Zama to conceal financial data during transfers and protocol interactions. The release comes shortly after other privacy initiatives on Ethereum, including Aztec's Tierra v6 upgrade on 3 November 2026 to boost execution speeds.
Combining private transactions with passive yield generation addresses demand from users seeking operational confidentiality for personal payments or corporate treasury management. Market participants will monitor user onboarding and liquidity growth within Morpho pools to assess how private stablecoin applications handle competing requirements between regulatory compliance and transactional privacy.
Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.