BenFen, a blockchain designed for next-generation stablecoin applications, announced that it activated a native privacy payment feature on its mainnet version 1.24.2 on November 26, 2025. The project indicated that this development positions BenFen as the first blockchain to implement privacy payments directly at the protocol layer, setting a new benchmark for confidentiality and security in stablecoin transactions.
Project representatives stated that the privacy system was engineered to ensure full verifiability without revealing any sensitive information. Under this architecture, account details, balances, and transaction pathways remain fully encrypted, while the network still supports transparent validation. The update is geared toward strengthening private and secure payment environments for stablecoins and expanding the technology’s use across additional financial scenarios.
Advanced Architecture Built Through Industry Collaboration
The rollout resulted from cooperation between the BenFen core team and State Labs, combining several advanced cryptographic mechanisms. The platform integrates an enhanced Move Virtual Machine along with Multi-Party Computation and Threshold Signature Sharding. These technologies distribute signing and authorization procedures across multiple participants so that private keys are never exposed in plain text at any stage.
Alongside privacy functions, BenFen emphasized that its consensus mechanism continues to deliver high throughput, enabling stable, near-instant transaction confirmation even with additional cryptographic layers. The approach is intended to balance strong privacy protections with the performance expectations of modern payment systems.
BenPay Integrates Privacy Features for End-to-End Protection
As a native ecosystem application within BenFen, BenPay has been designed to leverage the blockchain’s built-in privacy tools. The platform now supports fully private sending and receiving of stablecoins while extending additional financial services at the application layer. Users gain access to privacy-enabled wallets, payment flows, and account management functions designed to keep transactional and identity data concealed from external observers.
Shortly after the mainnet feature went live, BenPay—a comprehensive on-chain financial platform developed with support from BIXIN VC—introduced version 1.6.6 of its mini program on December 3, 2025. The new release integrates BenFen’s native privacy payment capability, allowing the application to offer a seamless privacy-enhanced financial environment.
Key User Features Designed for High-Privacy Scenarios
BenPay’s updated mini program provides several new tools aimed at users requiring greater confidentiality in their digital transactions.
Key features include:
- Private wallet deployment in a single step, enabling users to convert stablecoins and other assets into privacy-protected tokens for both spending and receiving funds.
- Support for high-privacy financial use cases, such as large-value transfers, batch disbursements, payroll operations, and similar activities where confidentiality is essential.
- Full end-to-end data protection, ensuring that transaction amounts and user identities remain hidden throughout the payment lifecycle.
In addition to privacy utilities, the mini program incorporates BenPay DeFi Earn, a multi-chain DeFi aggregator offering access to leading protocols. The integration allows users to deposit or withdraw USDT and USDC directly across various blockchains. The goal is to simplify asset and liquidity management for individuals who conduct private payments and subsequently need to reposition assets in decentralized finance ecosystems.
Positioning Privacy as a Core Standard for Stablecoin Transactions
Through the launch of its protocol-level privacy payment system and its rapid integration into BenPay, BenFen aims to advance a model where privacy is treated as an essential embedded standard rather than an optional layer. The project’s latest updates illustrate its intention to build a secure, high-performance foundation for stablecoin payments and broader digital-asset applications, signaling a major step toward mainstream privacy-centric financial technology.