Crypto wallet provider Payy has launched a new privacy-enabled Ethereum layer 2 that makes all ERC-20 transfers private by default without requiring new wallets or tokens.
The network can be integrated directly into existing wallets such as MetaMask, with Payy saying transactions are automatically routed through private pools with no smart contract changes needed.
“Nearly every bank, fintech, and enterprise is telling us the same thing: They cannot move real capital flows onchain if their financial data is exposed to the world,”
Said Payy chief executive, Sid Gandhi.
Payy said the layer 2 is aimed at institutions and fintech firms seeking to move capital onchain without exposing transaction data, as well as crypto-native users who want privacy without managing multiple wallets.
The project said some of the largest stablecoin issuers are day-one launch partners, with announcements expected in the coming weeks.
While the network supports all ERC-20 tokens, Payy said its primary focus is making stablecoin transfers private while remaining compatible with any EVM wallet.
The launch expands Payy’s offering beyond its privacy-focused wallet and crypto banking card, which the company said has attracted around 100,000 users since launching in 2025.
At the time of reporting, Ethereum price was $2,079.62.