what's USAD?
USAD is a USD-pegged stablecoin developed by Aleo and Paxos Labs, designed specifically for institutional use with a focus on privacy and programmability. The token employs end-to-end encryption of transaction data on the Aleo blockchain, enabling confidential transfers and smart contract interactions while maintaining the stability of a digital dollar backed 1:1 by USD reserves managed by Paxos.
Paxos and Aleo created USAD, a private regulatory compliant ZK stablecoin, noted by a16z.
Launched on Aleo mainnet as a privacy-focused stablecoin powered by Paxos, with confidential payment capabilities.
Paxos partnered with Aleo for a stablecoin on zero-knowledge privacy L1, integrating Hyperlane for cross-chain messaging. Launched on Aleo blockchain on February 11, 2026.