PANews reported on April 24th that, according to an official announcement, the BitMart platform now supports fixed-term investment products in USAD and USDCx, with an annualized yield of 6.88%. Both products are 14-day fixed-term investments, and users will automatically redeem their principal and returns upon maturity.

USAD is reportedly one of the stablecoins in the Aleo ecosystem, launched through a collaboration between the Aleo Network Foundation and Paxos Labs. It emphasizes privacy, programmability, and compliance, positioning itself as a USD stablecoin running on the Aleo network. Another asset, USDCx, is a stablecoin product developed within the Aleo ecosystem around USDC. It has been gradually rolled out on the Aleo testnet and mainnet, emphasizing its interoperability with the USDC system.

Aleo is a public blockchain project that focuses on privacy and zero-knowledge proof technology. Over the past year, it has been continuously expanding its ecosystem around stablecoins, wallets, and payment tools.