USAD Stablecoin Launched with Enhanced Privacy from Aleo & Paxos Labs

The Aleo Network Foundation and Paxos Labs have partnered to launch USAD, the first U.S.-dollar stablecoin built on a layer-1 blockchain with privacy at its core. Leveraging Aleo’s zero-knowledge cryptography and Paxos Labs’ enterprise-grade infrastructure, USAD delivers programmable dollars with enhanced confidentiality, addressing privacy concerns that hindered adoption of blockchain financial products in the past. ]