PANews reported on August 29th that the Aleo Network Foundation has officially joined the Global Dollar Network (GDN), a stablecoin alliance initiated by Paxos, becoming the first privacy-preserving Layer-1 blockchain to join the GDN. The GDN brings together numerous institutional participants, including Robinhood, Worldpay, Standard Chartered, Kraken, and Anchorage Digital, to establish an interoperable, secure, and compliant ecosystem for issuers and distributors of the USDG stablecoin.

Aleo is a public blockchain built for private payments. Its unique zero-knowledge proof infrastructure enables programmable payments while protecting the confidentiality of transaction data. Joining the GDN will provide technical support for USDG's expansion into privacy-sensitive payment scenarios within a compliant framework. This will also open up new growth opportunities for institutional and developer-level applications, making blockchain more viable in data-sensitive scenarios where user privacy must be protected.