Aztec relaunches zk.money privacy wallet on Ethereum layer-2

Aztec Labs has relaunched its zk.money privacy wallet on its self-custodial Ethereum layer-2 network, Aztec Network. The wallet, which was initially shut down three years ago, allows users to send and receive stablecoins like USDC, USDT, and DAI without revealing transaction details to the public. Users can claim a tag, such as bob.zk.money, which resolves to a deposit address. While payments made within the zk.money ecosystem are private, deposits originating from Ethereum remain public. Transactions are currently limited to $2,500 each, with a shared daily deposit ceiling of $50,000. Aztec Labs stated that as a self-custodial wallet, it cannot access or freeze user funds. The original zk.money, launched in 2021, had attracted over 75,000 wallets and processed more than $100 million in volume before being shelved to focus on network development. The relaunch comes amid growing interest in privacy solutions on Ethereum, with developers considering proposals for enhanced privacy features in future upgrades.