USAD is a single-currency stablecoin, pegged to the value of the US dollar and issued on Aleo Layer 1. Unlike other stablecoins, USAD transactions can be fully encrypted, meaning transaction details will not be visible on a public ledger. USAD is issued by Paxos and is redeemable 1:1 for US dollars. USAD is mainly used for: - Payroll & contractor payouts - private salary payments and global team compensation. - B2B and B2G payments - vendor, partner, and government-related payments without revealing pricing and margin structures on-chain. - Treasury & cash management - holding working capital in a dollar-denominated asset with built-in selective auditability. - DeFi and on-chain finance - using a stable asset in Aleo-based applications, while keeping balances and trading history private from the general public.