Aleo
Aleo is a blockchain protocol that enables private, programmable stablecoin payments for businesses and institutions.
TVL $1.9M · per DefiLlama · updated Sep 24
Aleo provides a blockchain infrastructure built around zero-knowledge technology that allows organizations to transact using stablecoins while controlling who can see transaction data. It hosts private stablecoins including USDCx, backed 1:1 by USDC via Circle's xReserve, and USAD, issued by Paxos Labs and backed 1:1 by USDG. The platform targets use cases such as global payroll, humanitarian aid disbursement, and institutional payments, positioning itself against traditional finance networks, public blockchains, and legacy privacy coins.
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Upcoming
- Oct 6 — Hosts Merkle Science Meet Singapore: Shaping the Future of Digital Asset Compliance · Luma
Recent activity
- seen Sep 24 — Users can deposit USDG to receive USAD at launch · Aleo site
+2 more from Aleo site
- seen Sep 24 — USDG reserves are audited monthly by independent third-party accountants
- seen Sep 24 — USAD is issued by Paxos Labs and backed 1:1 by USDG
- seen Sep 24 — Partners with Utila to bring privacy-preserving stablecoins to institutional wallets. · Aleo site
+3 more from Aleo site
- seen Sep 24 — Partners with Mercy Corps Ventures, Humanity Link, and Danish Refugee Council to enable aid delivery with private stablecoins in Colombia.
- seen Sep 24 — Is the first blockchain to support fully private transactions on Ledger hardware wallets.
- seen Sep 24 — Supports a private dollar backed 1:1 by USDC and powered by Circle's xReserve.
- seen Sep 24 — Now supports USAD, an encrypted stablecoin issued by Paxos Labs backed 1:1 by USDG · Aleo site
+3 more from Aleo site
- seen Sep 24 — Partnered with Ledger for shielded transactions with hardware-secured keys
- seen Sep 24 — Integrates with Toku, a global payroll compliance platform running private stablecoin payroll on Aleo
- seen Sep 24 — Now supports USDCx on Aleo, a private stablecoin
- seen Sep 24 — Listed USDCx as the first private stablecoin on Kraken · Aleo site
+2 more from Aleo site
- seen Sep 24 — Now supports xReserve on Arc deposits for USDCx from day one as Arc mainnet goes live
- seen Sep 24 — Opened early access to Shield Swap on Aleo via Provable
- seen Sep 24 — Now lets users mint USDCx directly at usdcx.aleo.org · Aleo news
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- seen Sep 24 — Now supports USDCx, a USDC-backed stablecoin launched using Circle xReserve
- seen Sep 24 — Now enables movement between USDCx on Aleo and USDC via Circle's CCTP and Gateway infrastructure
Earlier
- seen Sep 24 — USDCx is fully backed 1:1 by USDC held in Circle xReserve · Aleo site
- seen Sep 24 — USAD is backed 1:1 by USDG, the reserve token of Global Dollar Network issued by Paxos Trust Company. · Aleo news
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- seen Sep 24 — Toku launched the first fully private stablecoin payroll solution built on USAD and Aleo.
- seen Sep 24 — Partners with Request Finance, which has processed over $1 billion in payments · Aleo site
+3 more from Aleo site
- seen Sep 24 — Backed by investors including a16z, Softbank, Variant, and Coinbase Ventures
- seen Sep 24 — Ecosystem now has 200+ zk-native apps in motion
- seen Sep 24 — Network has grown to 500k+ developers
- seen Sep 24 — Partners with Request Finance, which has processed over $1 billion in payments · Aleo site
+3 more from Aleo site
- seen Sep 24 — Backs Puzzle Arcade, building the first onchain world arcade with NYT style games
- seen Sep 24 — Supports Verulink, an ETH, USDC, and USDT-native bridge between Ethereum and Aleo Network
- seen Sep 24 — Integrates Pondo Liquid Staking Protocol for staking Aleo Tokens
- seen Sep 24 — Shielded transaction support is live across Ledger's 8 million+ devices. · Aleo news
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- seen Sep 24 — Plans private stablecoin support for USAD and USDCx on Aleo, partnering with Paxos Labs and Circle.
- seen Sep 24 — Now integrated into Ledger Wallet, enabling shielded zero-knowledge transactions on hardware self-custody.
- seen Sep 24 — Has 10+ enterprise pilots underway on Aleo · Aleo site
+2 more from Aleo site
- seen Sep 24 — Has 50+ ecosystem projects and 1000+ developers building on Aleo
- seen Sep 24 — Offers up to $100K in grants for teams building on Aleo