USAD price

USAD

#5072

USAD is a U.S. dollar-pegged stablecoin launched by the Aleo Network Foundation in partnership with Paxos Labs. It’s built natively on the Aleo Layer-1 blockchain and is designed to combine three things that usually conflict: privacy, programmability, and regulatory compliance. Instead of broadcasting who paid whom and how much on a public ledger, USAD keeps that data encrypted by default while still allowing regulators, auditors, or counterparties to verify transactions when needed. It’s aimed primarily at businesses and institutions that want the speed and global reach of stablecoins without exposing sensitive financial information. USAD is mainly used for: Payroll & contractor payouts - private salary payments and global team compensation.

B2B and B2G payments - vendor, partner, and government-related payments without revealing pricing and margin structures on-chain.

Treasury & cash management - holding working capital in a dollar-denominated asset with built-in selective auditability.

DeFi and on-chain finance - using a stable asset in Aleo-based applications, while keeping balances and trading history private from the general public.

USAD is a wrapped representation of USDG (Paxos’ “Global Dollar”) on the Aleo Network: Users or platforms deposit USDC or USDG into Paxos Labs’ stablecoin infrastructure.

Any deposited USDC is swapped into USDG, Paxos’ regulated dollar token

USDG is then wrapped into USAD on Aleo at a 1:1 rate.

Paxos Labs is responsible for issuing and redeeming USAD and for managing the underlying reserves

USAD is positioned as a “private by default, compliant by design” stablecoin: End-to-end encrypted transaction data

On Aleo, transaction details (sender, recipient, amounts) are encrypted and not visible to generic blockchain observers

This is a major departure from most stablecoins, where every transfer is publicly traceable.

Selective transparency with view keys

Aleo accounts support Account View Keys (AVKs) and Transaction View Keys (TVKs).

AVKs let auditors or regulators read the full history of an account without being able to move funds.

TVKs reveal only a single transaction’s details (useful for disputes, proof of payment, or targeted compliance)

Programmable dollars on a ZK L1

USAD runs on Aleo, a smart-contract platform built around zero-knowledge proofs. This enables programmable workflows (escrow, streaming payments, dynamic payment limits, etc.) while keeping business logic and sensitive values private from the public chain Enterprise-focused use cases USAD is designed around real-world business flows, for example:

Private payroll via platforms like Request Finance, where employees’ salaries are not visible on-chain to competitors or random observers Treasury transfers and B2B payments that need cryptographic audit trails but don’t want every invoice or margin structure public Compliance-ready architecture

Because Aleo supports view-key–based selective disclosure and policy-driven compliance patterns, institutions can satisfy AML / KYC / tax requirements without giving up privacy for everyone on the network