Payy raised $6M seed funding led by FirstMark to build zero-knowledge private stablecoin payments.
DeFi & Yields ·
Payy, a stablecoin startup, has raised $6 million in seed funding led by FirstMark Capital, according to reporting on the round. The company is developing infrastructure to enable private transactions using stablecoins and zero-knowledge proof technology.
The funding underscores growing interest in privacy-preserving payment mechanisms within the stablecoin ecosystem. Zero-knowledge proofs allow transaction validation without revealing sensitive details to external parties, a feature Payy intends to integrate into its stablecoin payment layer.
Key details about the deployment roadmap, tokenomics, and specific use cases remain unclear. The identities of other investors in the round and the timing of a product launch have not been disclosed in available reporting.