Mirage Launches Private Stablecoin Transfer Protocol

Mirage, a privacy-focused protocol for stablecoin transfers, has launched its closed alpha version on Ethereum mainnet, Sepolia, and Tempo testnet. The company, headquartered in Zug, Switzerland, has received funding from Seed Club Ventures and Kyber Knight.

The Mirage protocol uses transaction-specific escrow to preserve user funds' anonymity, eliminating the need for shared pools or mixers. This approach enables fast settlement times, with transfers settling in under 90 seconds on Ethereum mainnet and under 6 seconds on compatible networks like Arbitrum and Tempo.

Mirage's non-custodial design allows for seamless integration into wallets, payment applications, and other crypto products. The company aims to provide a user-friendly experience for mainstream users and businesses, making private stablecoin payments practical and accessible.