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Crypto
Alea Research says Aleo stablecoin USDCx protects corporate confidentiality while meeting compliance
Alea Research defined Aleo’s USDCx as a privacy stablecoin that protects corporate information while complying with regulations, according to a new report. The report outlines how USDCx, issued on Aleo’s mainnet in collaboration with Circle International, uses selective disclosure, encrypted compliance records and view keys to limit data exposure. It also describes Aleo’s zero-knowledge proof technology, which keeps sender, recipient and amount encrypted while enabling network verification.
Crypto
Aleo launches privacy-protecting USAD stablecoin
Privacy layer-1 blockchain Aleo has launched the privacy-protecting USAD stablecoin in cooperation with Paxos Labs on a zero-knowledge-based layer-1 blockchain. The move aims to provide a way to protect business details while maintaining blockchain transparency, a report said. Aleo COO Rina Lim said the design uses Paxos issuance infrastructure to meet regulatory requirements while protecting sensitive user information.
Crypto
Circle launches privacy stablecoin USDCx on Aleo blockchain
Circle has launched USDCx, a privacy version of its USDC stablecoin, on the privacy-focused Aleo blockchain, Cointelegraph reported on Jan. 27. USDCx is issued through Circle xReserve and is interoperable with major networks such as Ethereum without a separate third-party bridge. Circle previously said it would offer a privacy-enhanced stablecoin for banking and corporate customers. Cointelegraph also cited Grayscale research on rising interest in privacy coins.