The Aleo Network Foundation, a nonprofit organization supporting the areo blockchain, has announced that Aleo has joined the Global Dollar Network (GDN). GDN is a Stablecoin network with USDG tokens available for Solana, Ink and Ethereum. Its members include Robinhood, WorldPay, Kraken, Anchorage Digital, Paxos, and more.
Aleo is the first layer 1 blockchain to participate in GDN. The network is designed for private and programmable payments, and as ALEO focuses on privacy, encrypted payment capabilities are added to USDG. The integration is intended to improve foundation financial management and vendor payments and create new institutional and developer use cases.
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