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Starknet will launch the STRK20 framework, supporting the issuance of privacy stablecoins and privacy DeFi assets.
Odaily Planet Daily reports that Ethereum Layer 2 network Starknet has announced the launch of a new STRK20 framework to support the issuance of privacy stablecoins and other privacy assets, while also addressing compliance requirements. Developed by StarkWare, the framework is expected to go live on Starknet later this year. The STRK20 framework aims to provide token-level privacy for assets on Starknet, keeping transaction amounts and account balances confidential, while remaining compatible with decentralized finance applications. It is also expected to be applicable to the ERC-20 asset standard, allowing most Ethereum fungible tokens to utilize this privacy feature and support private DeFi applications. (The Block)