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Canton Leads Privacy Coin Rally As Midnight, Zcash, Monero Tick Up
Yahoo Finance· 2025-12-18 10:59
Core Insights - Privacy coins Canton and Midnight have outperformed the market, with Zcash and Monero also showing gains following the announcement by the Depository Trust & Clearing Corporation (DTCC) to issue tokenized securities on the Canton Network [1][2] - The overall cryptocurrency market experienced a slight dip due to negative U.S. employment data, but the news from DTCC acted as a catalyst for the rally in privacy coins [2] - DTCC, which handles $3.7 quadrillion in transactions annually, will begin minting U.S. Treasuries on Canton's blockchain in the first half of 2026, with plans to expand the project in subsequent years [3][4] Market Performance - Canton has gained 7% to $0.07615, while Midnight is up 2.5% to $0.06397 in the past 24 hours [1] - Zcash and Monero have increased by 2.9% and 1.5% respectively, with Zcash being integrated as the default privacy rail by DEX aggregator ShapeShift [1][4] - Zcash has risen over 650% since mid-September, while Monero is up 100% in the past year, contrasting with Bitcoin's 16% decline [5] Strategic Developments - DTCC will take a leadership role in Canton's decentralized governance and co-chair the Canton Foundation alongside Euroclear [4] - The launch of Canton and Midnight has positively impacted the privacy coin market, with Midnight up 170% since its launch on December 9 [6] - Digital Asset, the parent company of Canton, has secured strategic investments from major firms like BNY, Nasdaq, and S&P Global, and reported $135 million in total funding [6]