Starknet to deploy STRK20 framework enabling privacy-focused stablecoins and other assets

Starkware is developing the STRK20 framework, expected to deploy on Starknet later this year, to introduce token-level privacy for assets such as ERC-20 tokens and stablecoins. This framework embeds confidentiality directly into token contracts, shielding sender, receiver, token type, and amount from public view while maintaining compatibility with DeFi applications. Transactions are targeted to settle in under five seconds for less than $0.20. A key feature is the inclusion of viewing keys, which allow authorized parties, like regulators, to access data when legally required, balancing user privacy with compliance. StarkWare CEO Eli Ben-Sasson believes this will significantly accelerate institutional stablecoin adoption by providing necessary confidentiality for DeFi activities without sacrificing performance or composability.

(Source：The Block)