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Aleo and Paxos Labs launch a privacy-preserving dollar stablecoin for institutions.
BlockBeats news, on October 1, the Aleo Network Foundation is collaborating with Paxos Labs to launch a stablecoin pegged to the USD, aimed at protecting user privacy and attracting the attention of Financial Institutions. Unlike traditional stablecoins such as Tether's USDT and Circle's USDC, Aleo's stablecoin encrypts Wallet Addresses and transaction amounts, protecting them from public view.