CZ Highlights How On‑Chain Payments Expose Your Entire Wallet History

A viral X thread describing how a freelancer could see a client’s entire USDC wallet history has reignited debate about privacy in everyday crypto payments. Reacting to the post, CZ said that while using a centralized exchange can temporarily shield senders and receivers, it simply shifts data visibility to the exchange and does not solve the underlying transparency issue.

He argued that the industry ultimately needs compliant, privacy‑preserving payment rails so users can pay in stablecoins without broadcasting their full financial life on‑chain, a shift that could boost real‑world crypto adoption if builders get the design right.