[PRESS RELEASE – Paris, France, April 10th, 2024] Archblock, a leading innovator in the world of fiat-backed stablecoins and blockchain technology, is proud to announce the launch of 1USD, the first stablecoin on Aleph Zero, a privacy-focused layer-1 blockchain. This groundbreaking development not only introduces a stable medium of exchange within the Aleph Zero ecosystem but also paves the way for explorations around privacy-enhanced stablecoins.
1USD is a native stablecoin on Aleph Zero, collateralized by cash and cash equivalents and redeemable at a 1:1 ratio with the US dollar. This stablecoin aims to give users of the Aleph Zero network a reliable and stable means of exchange while leveraging the inherent benefits of blockchain technology.
The transparency of public blockchains poses a significant challenge to the widespread adoption of cryptocurrencies. While transparency is often seen as a benefit, enabling trust and accountability, it stands in stark contrast to the level of

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