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Privy Adds Support for Payy, an EVM-Compatible Network for Private Stablecoin Payments

The integration lets developers use Payy’s privacy-focused network while keeping existing Ethereum Virtual Machine (EVM-compatible blockchain environment) development workflows unchanged.

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Summary

Privy said it now supports Payy, an EVM-compatible network designed for private transactions. The update is aimed at developers who want to add confidentiality to stablecoin payments without changing how they build applications. Because Payy is EVM-compatible, teams can generally work within familiar Ethereum-based tooling while adding privacy features for payment flows.

Terms & Concepts
  • EVM-compatible: Describes a blockchain network that works with the Ethereum Virtual Machine, allowing developers to use similar smart contracts and tools across networks.
  • stablecoin: A cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.
  • private transactions: Transfers that are designed to keep payment details confidential, which can help reduce the public exposure of transaction information on blockchain networks.