BlockBeats News, December 31st, the privacy computing project Zama Protocol officially launched on the Ethereum mainnet and has completed the first transfer of the FHE (Fully Homomorphic Encryption)-based privacy stablecoin cUSDT. This is the first confidential ERC-20 transfer on the Ethereum L1, with a transaction cost of approximately 0.13 USD per transaction.
This solution achieves on-chain private transfers for any token through “asset wrapping,” where transaction amounts and wallet balances can remain confidential on-chain, marking a milestone in bringing FHE from theory to real-world production. This milestone may set the stage for the privacy narrative in 2026.
