Aleo, the industry-leading privacy-centric Layer 1 blockchain, has officially announced the launch of USAD, a new privacy-preserving stablecoin, on its mainnet. This milestone is the result of a strategic partnership with Paxos, a regulated blockchain infrastructure platform renowned for its transparency and compliance standards. USAD is designed to provide a stable, US dollar-pegged asset that leverages Aleo’s zero-knowledge proof (ZKP) technology to ensure user transaction privacy while remaining fully backed 1:1 by liquid assets held in reserve. By integrating Paxos’s institutional-grade issuance infrastructure with Aleo’s private-by-default environment, USAD offers a unique solution for decentralized finance (DeFi). It allows users to conduct financial activities such as payments and lending without exposing their sensitive transaction data to the public. This launch represents a significant step forward in bridging the gap between regulated traditional finance and the evolving landscape of private blockchain applications, setting a new standard for confidential yet compliant digital assets.
Source: Privacy-preserving USAD stablecoin launches on Aleo Layer 1 mainnet via Paxos partnership
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