Starknet will deploy the STRK20 framework to support privacy-focused stablecoins and other assets

BlockBeats News, March 10th, according to The Block, Starknet is developing a new privacy feature designed to enable teams to issue privacy-preserving stablecoins and other assets while remaining compliant.

This feature is called the STRK20 framework, developed by StarkWare, and is expected to be deployed on Starknet later this year.

The framework aims to provide token-level privacy protection for assets issued on Starknet, keeping transactions and balances confidential while remaining compatible with decentralized finance (DeFi) applications. According to the team, Starknet's solution is expected to support ERC-20 tokens—the standard used for most fungible assets on Ethereum.