Token issuer or protocolPilotPYUSD is the clearest example of privacy that exists on paper only. Solana's confidential transfer extension was initialized on the PYUSD mint at launch in 2024 and has never been switched on, so balances and amounts stay public. PayPal frames it as optionality pending regulatory clarity, which is exactly the gap a compliant confidentiality layer is meant to close.
Private by design.
See how confidential transactions work on the networks you already use.