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

ALEO1,36%
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