Starknet will launch the STRK20 framework, which supports the issuance of privacy-preserving stablecoins and privacy-preserving DeFi assets

Svmuu News Ethereum The Layer 2 network Starknet has announced the launch of the new STRK20 framework, designed to support the issuance of privacy-preserving stablecoins and other privacy-preserving assets while addressing compliance requirements. Developed by StarkWare, the framework is expected to go live on Starknet later this year.Reportedly, the STRK20 framework is designed to provide token-level privacy for assets on Starknet, keeping transaction amounts and account balances confidential while remaining compatible with decentralized finance (DeFi) applications.It is also expected to be compatible with the ERC-20 asset standard, allowing most Ethereum fungible tokens to leverage this privacy capability and support use cases such as private DeFi. (The Block)