Alchemy Pay, a number one fiat-crypto cost gateway based in Singapore in 2017, has partnered with TrueUSD (TUSD), a clear stablecoin absolutely backed by the USD. Alchemy Pay connects crypto with conventional fiat currencies, providing options reminiscent of On & Off Ramp, NFT Checkout, Crypto Card, and Crypto Funds, supporting funds in 173 international locations.
This collaboration will supply Alchemy Pay’s On-Ramp answer, making TUSD immediately purchasable from Alchemy Pay’s Ramp web page. Customers from 173 international locations can now purchase TUSD utilizing fiat currencies, marking a seamless entry into the TrueUSD ecosystem.
TrueUSD (TUSD) is the primary USD pegged stablecoin with dwell on-chain attestations by impartial third-party establishments. It has been listed on over 100 buying and selling platforms and is dwell on 10+ mainstream public chains, together with Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. TUSD is attested in real-time by The Community Agency LLP, an impartial CPA agency, and built-in with Chainlink’s Proof of Reserve to safe minting and guarantee transparency and reliability. TUSD was granted statutory standing as a certified digital foreign money and medium of change within the Commonwealth of Dominica on October seventh, 2022.
Alchemy Pay’s Dedication to Crypto Adoption
Alchemy Pay’s community, with over 300 fiat cost channels throughout 173 international locations, is devoted to simplifying the crypto onboarding expertise. The corporate’s efforts in acquiring licenses to function cost companies in international locations like Canada, Indonesia, and Lithuania show its proficiency within the crypto cost trade.
The Ramp offered by Alchemy Pay integrates effortlessly with platforms reminiscent of DeFi protocols, NFT marketplaces, and exchanges. It allows straightforward crypto purchases utilizing credit score and debit playing cards, cellular wallets, and financial institution transfers. Moreover, Alchemy Pay’s Ramp affords a user-friendly offboarding expertise, supporting transactions to financial institution accounts in additional than 50 fiat currencies via remittance companions.
TrueUSD’s Transparency and Accessibility
TrueUSD is acknowledged for its 24-hour dwell on-chain attestation, prioritizing transparency, safety, and stability. After integrating with Chainlink, TUSD turned the primary USD-backed stablecoin to make the most of Proof of Reserves for safe minting. It’s now natively obtainable on varied blockchains, together with BNB Chain, Ethereum, TRON, and Avalanche, and has expanded to different public chains.
This integration between TrueUSD and Alchemy Pay might signify a considerable step in fostering higher connectivity between on a regular basis individuals and the thriving crypto trade. By bridging the hole between fiat and crypto, it opens new avenues for customers and contributes to the broader acceptance and utilization of cryptocurrencies.
Picture supply: Shutterstock