On October 1, 2025, the ALEO Network Foundation announced a partnership with Paxos Labs to launch the first privacy-focused US dollar stablecoin, USAD. The uniqueness of USAD lies in the fact that it is the first US dollar stablecoin issued on a Layer 1 blockchain with smart contract capabilities, enhancing privacy protection to ensure that sensitive information such as participants' identification and transaction amounts remains confidential. This innovation combines ALEO's zero-knowledge Cryptography technology with Paxos Labs' issuance framework, utilizing regulated institutional-grade assets as support to create a digital dollar that is designed to be both secure and private.
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On October 1, 2025, the ALEO Network Foundation announced a partnership with Paxos Labs to launch the first privacy-focused US dollar stablecoin, USAD. The uniqueness of USAD lies in the fact that it is the first US dollar stablecoin issued on a Layer 1 blockchain with smart contract capabilities, enhancing privacy protection to ensure that sensitive information such as participants' identification and transaction amounts remains confidential. This innovation combines ALEO's zero-knowledge Cryptography technology with Paxos Labs' issuance framework, utilizing regulated institutional-grade assets as support to create a digital dollar that is designed to be both secure and private.