Institutional demand: Stablecoins settled ≈ $5.7T in 2024 on‑chain; even filtering to payments‑only, volumes hit $2.5T in the 12 months to May 2024. Meanwhile, ~1 in 4 CFOs expect their finance functions to use digital currency within two years—pressure for privacy‑preserving rails is real.
Enterprise demand: Payroll, settlement, and treasury operations require confidentiality for amounts and balances.
Selective transparency: Regulators and compliance teams need scoped visibility—not public broadcasting.