Paxos Partners with Aleo to Launch ZK-Powered Privacy Stablecoin USAD

Odaily News Paxos Labs has collaborated with the privacy-focused Layer 1 network Aleo to launch a natively privacy-preserving stablecoin, USAD, based on Aleo's ZK technology. This move comes amid growing interest in institutional-grade privacy solutions, as businesses seek to leverage the benefits of blockchain assets without sacrificing transaction details. Notably, Circle had also chosen Aleo to pilot its privacy-preserving version of the USDC stablecoin, named USDCx. (The Block)