The Aleo Network Foundation and Paxos Labs Partner to Offer First Privacy-Preserving US Dollar Stablecoin
The Aleo Network Foundation, the non-profit corporation that oversees the health of the Aleo Network, a privacy and compliance infrastructure that powers secure, programmable, worldwide payments, today announced a partnership with Paxos Labs, the enterprise infrastructure platform for embedded on-chain finance, from branded stablecoin creation to yield-on-stablecoins, integrating compliant money markets, and more. Together, they are launching USAD, the first U.S. dollar stablecoin issued on a layer 1 blockchain that combines