Brian Armstrong revealed that he will launch private stablecoin trading on Base.

2025-10-22 04:30:52

Abstract generation in progress

Coinbase CEO Brian Armstrong revealed that his team is developing private stablecoin transactions on Base — an Ethereum layer-2 network, aimed at enhancing security for blockchain users. Armstrong stated that Coinbase acquired the security platform Iron Fish in March to support this goal.

Although it is not yet clear whether the solution will require identity verification (KYC) or not, Armstrong confirmed that details will be announced soon. Iron Fish uses zero-knowledge proof technology (zk-proof) and a “view key” to keep transactions confidential, while still allowing data disclosure when required by authorities.

Despite aiming for privacy, Iron Fish is not completely anonymous, as it still complies with legal regulations. The system also integrates the ChainPort bridge to control and prevent illegal money flows, contributing to a balance between personal security and regulatory compliance.

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