According to Odaily Planet Daily, TrueUSD developer Archblock has launched a new stablecoin 1USD. This stablecoin is the native stablecoin on Aleph Zero, which is collateralized by cash and cash equivalents and can be redeemed with the US dollar at a 1:1 ratio. This is also the first stablecoin on the privacy-focused Layer 1 blockchain Aleph Zero.