Privacy & Compliance - Coinbase is developing private stablecoin transactions on Base, its Ethereum layer-2 network [1] - The initiative aims to balance user privacy with regulatory compliance, drawing lessons from projects like Tornado Cash [2] - Iron Fish's technology, acquired by Coinbase, allows selective disclosure of transaction data using "view keys" for regulators [2] Technology & Innovation - Base is integrating zero-knowledge proofs to shield transaction data while enabling selective disclosure [1][2] - The integration of Iron Fish's technology could allow stablecoin users to reveal more information to authorities without full disclosure [2] Market Impact & Strategy - Private stablecoin transfers could transform Base into a safer, more private layer for everyday crypto transactions [3] - Coinbase is betting on a "regulated privacy" model to satisfy compliance standards while offering onchain discretion [4] - The focus on privacy comes as governments worldwide increase surveillance of crypto transactions [3] Base Ecosystem - Base has been growing rapidly since its launch in 2023 [3] - Details regarding Know Your Customer (KYC) verification requirements are expected soon [3]