# Raycash Launches Ethereum Beta for Confidential USDC Payments

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/52802
Published: 2026-11-10T04:17:00.000Z
Updated: 2026-11-10T04:17:00.000Z
Section: Technology

> The app hides balances and transfer amounts, offers Morpho yield on idle funds and covers network fees for users.

Raycash has opened a private beta on Ethereum mainnet for an app that enables confidential USDC payments, bringing Zama-based privacy technology into a retail payment product.

Users can exchange USD Coin (USDC) for confidential tokens at a one-to-one rate and use them for on-chain peer-to-peer payments. The app hides users’ balances and the amounts transferred in those payments. Morpho yield is available in the app on funds left idle, adding an option alongside its payment service.

Raycash pays network fees for users, so they do not need to keep Ether (ETH) on hand to use the service. The launch is the first retail payments product built on the Zama protocol, a confidential computing protocol. The app combines confidential transfers, fee coverage and the Morpho yield option in one Ethereum product.

Raycash said its prelaunch waitlist exceeded 75,000 people. Beta access is opening in stages.