SAN FRANCISCO--(BUSINESS WIRE)--The Aleo Network Foundation, the nonprofit corporation that oversees the health of the ALEO Network, a privacy and compliance infrastructure that powers secure, ...

Key insight: Paxos Labs and Aleo have launched a stablecoin that includes "privacy" for payroll. What's at stake: Other fintechs are also targeting stablecoins for payroll, creating competition.

SAN FRANCISCO--(BUSINESS WIRE)--The Aleo Network Foundation, the non-profit corporation that oversees the health of the ALEO Network, a privacy and compliance infrastructure that powers secure, ...

Paxos Labs and the Aleo Network Foundation are working to launch a U.S. dollar-pegged stablecoin that aims to preserve user privacy, and appeal to financial institutions, the companies said.

Circle has introduced a privacy-focused version of its USDC stablecoin on Aleo, highlighting a broader push by privacy-oriented blockchains to gain access to regulated, dollar-backed assets as demand ...