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.
