Ah cool, so cashu is

custodial/single sig

And

Fedi is distributed custody/multi sig

Would it be possible to set up a cashu mint per transaction. E.g. Alice creates a mint to send cash privately to bob who then pegs out to lightning leaving the mint empty.

Is that a possible use case?

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Your example is not really a use case, the privacy properties come from the size of the anonymity set.

Ah of course. Thanks.