CryptoNov 9, 2026, 1:25 PM UTC·1 min read

Zama Spin-Off Raycash Launches Private Stablecoin Payments

Raycash, a spin-off from Zama, has launched its app on Ethereum. It offers confidential stablecoin payments and lets users earn Morpho yield on idle balances.

Illustration of a shielded stablecoin payment moving across the Ethereum network with a yield indicator. — Image: The Block

Raycash, a spin-off from Zama, has launched its app on Ethereum, offering confidential stablecoin payments and yield on balances that would otherwise sit idle.

According to the launch announcement, users can send stablecoins privately and put unused funds to work through Morpho, the lending protocol that supplies the yield.

Why it matters

Public blockchains such as Ethereum record transactions openly, so anyone can trace payment amounts and counterparties once an address is known. That transparency is a sticking point for individuals and businesses that want to use stablecoins for everyday payments without exposing their financial activity. Raycash is aimed at that gap.

The combination with Morpho is also notable. Private payment tools have often meant leaving funds idle between transactions. Offering yield on those balances positions the app as more than a simple transfer tool.

What to watch

The available details on the launch are limited. Questions such as supported stablecoins, fees, yield rates and the exact privacy guarantees will determine how the product compares with existing options. Adoption will also depend on how easily users can move funds in and out of the confidential layer.

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Tags:raycashzamaethereumstablecoinsmorphoprivacy