USAD price

USAD

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