Alchemy Pay has collaborated with Ripple to facilitate fiat on-ramp access for RLUSD, a stablecoin issued by Standard Custody & Trust Company, LLC. This partnership allows users to easily purchase RLUSD through Alchemy Pay’s network.
RLUSD is a stablecoin backed by the U.S. dollar with a 1:1 ratio and reserves in cash and equivalents. It is tailored for enterprise applications, especially in cross-border payments and digital finance, offering the security of traditional finance combined with the efficiency of blockchain technology.
This collaboration aligns with Ripple’s strategy to enhance its blockchain solutions. RLUSD provides a reliable and liquid stablecoin option for financial institutions, developers, and businesses, supported by Ripple’s strong global licensing and compliance track record for regulated markets.
Alchemy Pay, a provider of fiat-crypto services, operates in various countries and facilitates the connection between traditional finance and digital assets. With 3 million registered users and 8 million transactions reported in 2024, the company holds regulatory approvals in key regions like the UK, U.S., Canada, Australia, South Korea, as well as several European and Asian countries, bolstering its international payment ecosystem.
The objective of this partnership is to enhance access to stablecoins and promote the adoption of compliant crypto solutions in the market.
Image: Alchemy Pay
