Polygon rolls out private stablecoin payments targeting institutions

Ethereum scaling solution Polygon has launched private stablecoin payments in an effort to attract more businesses and institutions to the chain. 

In a statement on Sunday, Polygon introduced its new wallet feature that enables users to privately route transactions through a shielded pool, with verification handled by zero-knowledge proofs. The move is part of an integration with privacy protocol Hinkal.

“For onchain payments to go mainstream, businesses need privacy. Not ‘hide from regulators’ privacy. Operational privacy,” noted Polygon community lead Smokey on X. 

Privacy was one of the biggest crypto themes in 2025, with many crypto assets tied to privacy projects surging last year despite a broader market downturn. Polygon highlighted the importance of privacy, arguing that many institutions are unlikely to move significant volume onchain without it.

“Confidentiality has been the single biggest gap between onchain rails and what institutional finance actually needs to move serious stablecoin volume,” Polygon said.

“Banks, treasuries and payments