[Paxos and Aleo Collaborate to Launch Privacy-Protecting Stablecoin USAD] Foresight News reports, according to The Block, that Paxos Labs has partnered with the privacy-focused Layer 1 network Aleo to launch a native privacy-protecting stablecoin called USAD, based on Aleo's ZK technology. This move comes amid growing attention to institutional-grade privacy solutions, as enterprises seek to leverage the advantages of blockchain assets without compromising transaction details. Notably, Circle has also chosen Aleo to pilot its privacy-protecting version of the USDC stablecoin, named USDCx.