Aleo cooperates with Paxos Labs to launch USAD"stablecoin
Internet reports that the Aleo Network Foundation has partnered with Paxos Labs to launch a privacy-focused USAD stablecoin. Aleo is a Layer1 permissionless blockchain that uses zero-knowledge proofs to enable private and compliant payments. Paxos Labs is part of Paxos Corporation and is the issuer of PayPal's PYUSD and Global Dollar stablecoins. Aleo is supported by a16z, Softbank and Coinbase Ventures, and participates in the Global Dollar Network partnership.
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