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Aleo has released a privacy stablecoin whitepaper titled "Stablecoin Privacy," stating that the privacy layer is the critical infrastructure missing for blockchain payment rails to be adopted by mainstream institutions. Aleo notes that, although the GENIUS Act offers opportunities for large-scale stablecoin adoption, the issue of transaction information being permanently public on public blockchains may still hinder institutional use of stablecoins in scenarios such as payroll, fund management, and vendor payments. Aleo states that existing solutions still fall short of fully meeting institutional needs in privacy protection and risk management. The whitepaper proposes a permissionless private stablecoin architecture based on Aleo, using zero-knowledge technology and programmable smart contracts. This architecture introduces a programmable risk mitigation mechanism while safeguarding transaction privacy, enabling institutions to conduct private transactions without sacrificing compliance and risk control. The team behind the whitepaper reportedly has long been committed to interdisciplinary research at the intersection of cryptography, policy, and financial systems. Aleo's Global Policy Director Yaya J. Fanusie, Crypto Innovation Council member and former Global Head of Financial Crime Compliance at an exchange Valerie-Leila Jaber, as well as cryptographer and Johns Hopkins University computer science professor Matthew Green, all have valuable practical experience in private payments, financial regulation, and zero-knowledge cryptography.

After three consecutive days of gains, the U.S. Dollar Index experiences a slight pullback—how much longer can the rally last?

ASML shares fell more than 2% in pre-market trading, currently quoted on a certain exchange.