Crypto venture Payy, which operates a privacy-focused pockets alongside a crypto banking card, has launched an Ethereum layer-2 community designed to assist personal ERC-20 transfers.
In an announcement through X on Wednesday, Payy said customers can add the community as a customized chain in MetaMask and that ERC-20 transfers made on it are routed by means of privateness swimming pools by default with “no good contract modifications required.”
Payy mentioned the 2 core consumer varieties on its community could be establishments and fintech corporations in search of to carry monetary flows onchain whereas limiting public transaction traceability and crypto natives in search of to make use of privateness instruments with out “juggling a number of wallets.”
Payy mentioned it has signed undisclosed launch companions amongst stablecoin issuers, which it plans to call within the coming weeks.
The community is appropriate with any Ethereum Digital Machine (EVM) pockets, and the venture’s web site indicates that the layer-2 is primarily geared towards enabling personal stablecoin transfers on its community, regardless of additionally supporting all ERC-20 tokens.
Following the announcement, Payy CEO Sid Gandhi additionally shared extra particulars on X, noting that Payy is working to assist giant conventional finance establishments really feel extra comfy shifting capital onchain.
“Almost each financial institution, fintech, and enterprise is telling us the identical factor: They can not transfer actual capital flows onchain if their monetary knowledge is uncovered to the world,” he mentioned.
Payy defined that the layer 2 hosts personal ERC-20 swimming pools that customers’ transactions are mechanically routed by means of when utilizing wallets like MetaMask. This permits customers to maneuver funds from their regular wallets with out publicly exposing transaction counterparties on the Payy Community.
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When interacting with decentralized finance apps and good contracts, funds are withdrawn from the personal swimming pools to a brand new tackle.
Beforehand, Payy primarily provided its personal privacy-focused pockets and a crypto banking card, which launched in mid-2025. The venture claims to have reached roughly 100,000 customers since then.
There are already different L2s and protocols providing privateness companies on Ethereum, equivalent to Aztec Community and Railgun.
In the meantime, there are a number of privacy-focused tokens equivalent to Zcash (ZEC) and Monero (XMR) that exploded in popularity in 2025 amid a crypto privacy sector boom final yr.
In response to Payy, it goals to offer a degree of distinction by decreasing the operational complexity of utilizing privateness instruments, equivalent to managing a number of wallets or switching between protocols.
Nevertheless, Payy will not be the one one engaged on this. Cointelegraph reported in October that Ethereum builders had been engaged on upgrading wallet privacy as a part of the Kohaku roadmap.
The purpose of Kohaku is to scale back reliance on centralized events that monitor transactions, whereas additionally together with options equivalent to personal sending and receiving.
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