# Aleo

> Aleo is a privacy-preserving Layer-1 blockchain built for programmable, confidential applications, with a growing focus on stablecoin payments. Its zero-knowledge architecture lets developers verify transactions without publishing every sensitive detail, while view keys and programmable rules support selective disclosure for auditors or regulators. The network serves developers, payment providers, institutions, payroll teams and humanitarian operators through the Leo language, AleoVM, snarkOS, SDKs and private stablecoins including USDCx and USAD.

- **Founded:** 2019
- **Headquarters:** New York City, United States
- **Founders:** Howard Wu (Co-founder; CEO of Provable), Michael Beller (Co-founder), Collin Chin (Co-founder), Raymond Chu (Co-founder)
- **Team size:** About 150 employees; LinkedIn displayed 148 employees and a 51-200 company-size band in August 2026
- **Products:** Aleo Network, Leo, AleoVM / snarkVM, snarkOS, Aleo SDK and developer tooling
- **Notable:** Completed a multiparty setup ceremony with more than 2,200 participants in 2021., Raised $28 million in Series A funding and $200 million in Series B funding, reaching a $1.45 billion valuation in 2022., Awarded 40 million Aleo Credits and more than $8 million in incentives through community programs before mainnet.

## Products & services

- **Aleo Network** — A privacy-preserving Layer-1 blockchain that executes programs off-chain and verifies zero-knowledge proofs on-chain, supporting both public and private state.
- **Leo** — A domain-specific programming language designed to make zero-knowledge applications easier to write, test and maintain.
- **AleoVM / snarkVM** — The virtual-machine and cryptographic stack for decentralized private computation and proof verification.
- **snarkOS** — The decentralized operating system that coordinates Aleo nodes, consensus, blocks and program execution.
- **Aleo SDK and developer tooling** — SDKs, documentation, a web IDE, explorer, APIs and grants for developers building private applications.
- **USDCx** — A private, programmable stablecoin on Aleo backed 1:1 by USDC held through Circle xReserve; it progressed from testnet in 2025 to mainnet availability.
- **USAD** — A private dollar-pegged stablecoin issued by Paxos Labs and backed 1:1 by USDG, with transaction details encrypted by default on Aleo.

## Achievements

- Completed a multiparty setup ceremony with more than 2,200 participants in 2021.
- Raised $28 million in Series A funding and $200 million in Series B funding, reaching a $1.45 billion valuation in 2022.
- Awarded 40 million Aleo Credits and more than $8 million in incentives through community programs before mainnet.
- Launched Aleo mainnet on September 18, 2024, with 350 applications reported as deployed at launch.
- Reported 5 million transactions and tens of thousands of users roughly two months after mainnet launch.
- Released snarkOS 4.0.0 in July 2025, described as the largest network upgrade since mainnet.
- Launched USDCx using Circle xReserve and later made it available on mainnet.
- Became the first blockchain to support fully private transactions on Ledger hardware wallets, according to Aleo.

## Latest updates

- **2025-07** — Released snarkOS 4.0.0, including record-model and prover-economics changes.
- **2025-08** — Announced a Revolut listing and joined the Global Dollar Network.
- **2025-09** — Integrated private and public business payments with Request Finance.
- **2025-12** — Introduced USDCx on testnet through Circle xReserve.
- **2026-05** — Dynamic integration simplified wallet onboarding for developers building Aleo payment experiences.
- **2026-06** — Labrys demonstrated an encrypted USDCx crisis-response payment on mainnet.
- **2026-07** — Published new case studies on USDCx and USAD as private, programmable stablecoins.
- **2026-08** — USDCx and USAD went live in Utila's institutional non-custodial MPC wallets.

## Links

- Website: https://aleo.org
- LinkedIn: https://www.linkedin.com/company/aleohq
- Twitter/X: https://x.com/AleoHQ
- GitHub: https://github.com/AleoNet
- YouTube: https://www.youtube.com/@AleoFoundation

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Profile page: https://yespress.io/aleo
Published by YesPress — https://yespress.io
Last updated: 2026-08-14