Enterprises won't route payroll or B2B flows through public-chain USDC because every payment becomes competitive intel — confidential stablecoin zones solve what Quorum and Corda pitched banks five years ago. Tempo is rebuilding Aztec and Railgun's privacy stack wrapped in auditor-selective disclosure that compliance teams will green-light. JPM Coin and Canton already have the bank relationships to win this flow; Tempo's privacy tech arrives in a crowded room.

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