[Aleo Releases Privacy Stablecoin Whitepaper, Proposes Permissionless Institutional-Grade Privacy Stablecoin Architecture] Aleo has released the privacy stablecoin whitepaper titled *Stablecoin Privacy*, stating that the privacy layer is the critical infrastructure missing for blockchain payment rails to be adopted by mainstream institutions. Aleo noted that while the GENIUS Act provides an opportunity for large-scale adoption of stablecoins, the issue of transaction information being permanently public on public blockchains may still hinder institutions from using stablecoins in scenarios such as payroll distribution, fund management, and vendor payments.