Why keep transfers private?
Transactions on public blockchains, such as Ethereum and Bitcoin, are public by default. This means that anyone with internet access can easily look up every transaction an address has ever made in less than a minute.
Forcing individuals and businesses to choose between self-custody and privacy has left mainstream adoption at an awkward impasse. Most people who start using stablecoins have no idea that their transactions become visible to anyone, anywhere, at any time as soon as they land on the blockchain. As a result, many users either delegate custody of their assets to a centralized exchange to gain some level of privacy or limit their onchain activity while continuing to use banks and fiat currency for larger transactions, despite the clear disadvantages.
Mirage is built to solve this major barrier to the mainstream adoption of stablecoins worldwide. Using a simple and intuitive concept, Mirage enables private transactions on Ethereum in under 90 seconds while providing usage privacy and remaining non-custodial.
What privacy does not mean
Mirage is not an anonymity promise and it does not remove your responsibility to make transfers lawfully. It is designed to make ordinary transfers more private while keeping them safe, self-custodied, and easier to use.