Aleo Becomes Part of the Global Dollar Network (28 Aug)

Aleo Network Joins Global Dollar Network: The Aleo Network Foundation has announced its inclusion in the Global Dollar Network (GDN), becoming the first Layer 1 blockchain to join this rapidly growing stablecoin network powered by the USDG stablecoin.

Focus on Privacy and Programmability: Aleo aims to enhance the stablecoin ecosystem by enabling programmable, encrypted payments, addressing privacy concerns that are crucial for institutional and developer use cases.

Market Context and Adoption Challenges: Despite a significant market cap and transaction volume, less than 0.01% of stablecoin activity is fully encrypted, highlighting the need for privacy solutions as digital assets gain mainstream acceptance.

Foundation's Mission and Support: Backed by major investors like a16z and Coinbase Ventures, the Aleo Foundation focuses on creating secure, on-chain financial infrastructure using zero-knowledge cryptography to ensure privacy and compliance in digital payments.