You can't deny it: a typical debit card transaction today has more privacy than a typical on-chain USDC transfer.
Cloak's goal is to match the level of privacy that traditional banks provide, while remaining non-custodial and programmable.
Privacy isn't a binary, nor is it free. Full privacy often comes at the cost of UX, fees, and compliance. Cloak targets a specific point in that trade-off space, geared for a smooth user experience and institutional adoption -- today.