The case for private stablecoins has never been stronger. Today, we're thrilled to release a landmark white paper that explains how privacy is the missing layer that makes blockchain payment rails viable for mainstream institutional use. The GENIUS Act presents the opportunity for widespread stablecoin adoption. But public blockchains expose every transaction, permanently, hindering adoption. Payroll. Treasury. Vendor payments. All of it broadcast to the world. Existing solutions fall short and carry too much risk for institutions to engage. The industry has been stuck. But today that changes. This paper presents a new path forward: permissionless, private stablecoin architecture built on Aleo, using zero-knowledge technology and programmable smart contracts. Financial privacy and institutional risk management are not in tension. They're built from the same foundation, with programmable risk mitigation that lets institutions transact privately without compromise. Behind this paper is a team that has spent careers at the intersection of cryptography, policy, and financial systems. Aleo's Global Head of Policy @SignCurve, Valerie-Leila Jaber of the @crypto_council for Innovation and former Global Head of Financial Crime Compliance at Coinbase, and @matthew_d_green, cryptographer and Johns Hopkins University computer science professor, bring a rare combination of hands-on experience in private payments, financial regulation, and zero-knowledge cryptography. This is a big deal. Not just for Aleo, but for institutional finance as a whole. Read More 👇 aleo.org/post/stablecoin-pri…