Paxos and Aleo Launch USAD, a Regulated Privacy Stablecoin

Overview

• USAD is live on the Aleo mainnet following a Feb. 3 launch by Paxos Labs in partnership with the Aleo Network Foundation.
• Aleo’s Layer 1 shields wallet addresses and transaction amounts from public view while preserving audit capabilities.
• Paxos issues the token using its regulated infrastructure and also provides stablecoin services for partners such as PayPal and a consortium that includes Kraken, OKX, and Robinhood.
• Toku plans a first‑quarter rollout of confidential payroll using USAD, with reported targets above $1 billion in processing volume.
• The debut follows Circle’s January launch of USDCx on Aleo, signaling accelerating interest in privacy-focused stablecoin variants.