USAD USADPrice $ 1.01

USAD is a US dollar-pegged stablecoin launched through a strategic partnership between Paxos Labs and the Aleo Network Foundation. This stablecoin is a digital dollar issued on a layer-one blockchain that combines programmable smart contracts with zero-knowledge cryptography to ensure privacy. End-to-end transaction encryption protects sensitive data, such as user identities and amounts, from disclosure, while providing verifiable oversight and institutional-grade asset backing to ensure stability.

By leveraging Aleo’s zk-tech for confidential computations alongside Paxos’ regulated issuance framework, it facilitates seamless, private transfers and DeFi interactions on the Aleo blockchain.