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Aleo Joins the Global Dollar Network to Bolster Stablecoin Payments Privacy
Earlier this week, Aleo’s non-profit Foundation announced that it had joined the Paxos-backed Global Dollar Network (GDN), an ecosystem built around USDG, a fully regulated U.S. dollar stablecoin issued by Paxos and backed by major partners including Anchorage Digital, Kraken, Mastercard, Paxos, Robinhood, Worldpay, and others. The Aleo Foundation plans on using USDG for on-chain treasury management and vendor payments, all while leveraging its native blockchain’s privacy-preservation setup (enabling the processing of stablecoin transactions in a fully encrypted manner). Not only that, as the first L1 to join the ... (full story)
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