Starknet will deploy the STRK20 framework to support privacy-focused stablecoins and other assets

According to The Block, Starknet is developing a new privacy feature aimed at enabling teams to issue protected stablecoins and other assets while maintaining compliance.

This feature is called the STRK20 framework, developed by StarkWare, and is expected to be deployed on Starknet later this year.

The framework is designed to provide token-level privacy protection for assets issued on Starknet, keeping transactions and balances confidential while being compatible with decentralized finance (DeFi) applications. According to the team, Starknet's solution is expected to support ERC-20 tokens—the standard used by most fungible assets on Ethereum.