Taurus launched a private smart contract for issuing stablecoins on the Aztec Network blockchain. The algorithm ensures transaction confidentiality while maintaining necessary compliance features.
Swiss FinTech company Taurus announced the launch of a private smart contract for stablecoins, enabling the issuance and use of stablecoins with a high level of privacy, while still allowing access to information for issuers, regulators, and law enforcement.
The algorithm is based on zero-knowledge proof (ZKP) technology. The smart contract is built using the open-source Taurus security token codebase, developed on the CMTAT standard, and is deployed on Aztec Network’s testnet.
The smart contract supports all essential features of regulated stablecoins, including:
- centralized minting and burning of tokens;
- ability to freeze transactions in emergency scenarios;
- address blacklisting for sanctions compliance;
- creation of a verifiable audit log of events.
The algorithm allows encryption of balances and asset transfers, with data access granted only to authorized parties. According to JP Aumasson, Chief Security Officer at Taurus, this approach eliminates the possibility of third-party wallet tracking, user strategy analysis, and physical targeting of large asset holders.
“This addresses concerns that we’ve repeatedly heard from banks looking at issuing stablecoins,” Aumasson stated. He explained that the technology solves a key privacy issue for banks and regulators, while preserving the core functionality expected from industry-standard stablecoins. Arnaud Schenk, Executive Director of the Aztec Network board, added that leveraging ZKP technology allows stablecoin users to maintain privacy while issuers retain full oversight.
In 2024, the total transaction volume involving stablecoins reached $27.6 trillion, and the market cap of stable assets rose to $250 billion.
Max Krupyshev, CEO of CoinsPaid , said during the AmCham Estonia general meeting that stablecoins became a convenient and intuitive tool for payments, which is why more businesses are turning to them. In 2025, around 86% of TradFi companies consider stablecoins a means of modernizing existing financial systems. “Stablecoins offer stability, universality, and ease of integration, becoming the new universal payment method,” Max stated.
