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Aleo and Paxos Labs Launch Institutional-Grade Privacy-Preserving Stablecoin

BlockBeats News, October 1st, the Aleo Network Foundation is partnering with Paxos Labs to launch a stablecoin pegged to the US dollar, aimed at protecting user privacy and attracting financial institutions’ attention.

Unlike traditional stablecoins such as Tether’s USDT and Circle’s USDC, Aleo’s stablecoin encrypts wallet addresses and transaction amounts to protect them from public view.

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