[Privy Launches Universal Deposit Address Feature, Supporting Automatic Cross-Chain and Conversion] Foresight News reports that the privacy wallet infrastructure platform Privy has launched the Universal Deposit Addresses feature. This feature assigns each user a persistent address, enabling the receipt of crypto asset deposits across multiple chains. Privy automatically handles cross-chain transactions and token conversions, ultimately settling into the target tokens and user wallets required by the application. This feature is now available to all Privy accounts, and the deposit process does not require KYC.