Aleo partners with Paxos Labs to launch stablecoin USAD
Jinse Finance reported that the Aleo Network Foundation has partnered with Paxos Labs to launch the privacy-focused USAD stablecoin. Aleo is a Layer1 permissionless blockchain that utilizes zero-knowledge proofs to enable private and compliant payments. Paxos Labs, a subsidiary of Paxos, is the issuer of PayPal’s PYUSD and the Global Dollar stablecoin. Aleo is supported by a16z, Softbank, and a certain exchange, and is also participating in the Global Dollar Network collaboration.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 46,900 SOL transferred from Wintermute to an exchange, worth approximately $6.53 million
Data: 5,959 ETH transferred from one exchange to another, valued at approximately $18.09 million.
Tether suspends bitcoin mining in Uruguay due to rising energy costs, laying off 30 local employees
Trending news
MoreCrypto prices
More
