Overview #

We are building a fully-private stablecoin with compliance features:

• (a) Full transaction privacy (already built-in to Aleo)
• (b) Automatic selective disclosure for some/all transactions
• (c) “Freeze” capability for specific wallet addresses
• (d) An API for initiating transfers (this will ultimately be moved into standard wallets)
• (e) A back-end system for decrypting stored compliance records

(b) and (c) mirror capabilities already present in USDC on non-private chains and are required by regulators (e.g., NYDFS)

From the user’s perspective, a “compliant” token is just like any other token and can be used with any standard wallet, via the ARC21/20 standards (although we would like wallets to notify users about the privacy limitations)