Paxos partners with Aleo to launch privacy-preserving stablecoin USAD

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According to Foresight News , citing The Block, Paxos Labs has partnered with privacy-focused Layer 1 network Aleo to launch a native privacy-preserving stablecoin, USAD, based on Aleo's ZK technology. This move comes against the backdrop of growing interest in institutional-grade privacy solutions, with companies seeking to leverage the advantages of blockchain assets without sacrificing transaction details. Notably, Circle also chose Aleo to pilot its privacy-preserving version of the USDC stablecoin, named USDCx.

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