Alchemy Pay integrates $XSGD and $XUSD, enabling users in 173 countries to access stablecoins via multiple fiat methods.

Alchemy Pay Adds XSGD and XUSD Stablecoins to Global Fiat On-Ramp

Alchemy Pay integrates $XSGD and $XUSD, enabling users in 173 countries to access stablecoins via multiple fiat methods.

Alchemy Pay has introduced $XSGD and $XUSD stablecoins to its global fiat on-ramp, simplifying access to blockchain payments. This integration permits the users to buy these tokens using the familiar payment options which increases the ease. By supporting several fiat currencies and networks, Alchemy Pay strengthens its mission to bridge traditional finance and digital ecosystems.

Alchemy Pay Expands Global Payment Access with StraitsX Tokens

With $XSGD and $XUSD, users in 173 countries will now be able to purchase stablecoins with Visa, Mastercard, Apple Pay and Google Pay. Local bank transfer, mobile wallets with 50+ fiat currencies are supported. Consequently, individuals and institutes can efficiently convert fiat into blockchain-ready assets with no complicated experience of exchanges.

Alchemy Pay and StraitsX are focused on building up the stablecoin infrastructure by providing easy access to fiat to crypto. StraitsX acts as a settlement layer, and issues $XSGD and $XUSD for interoperable payment flows. Both stablecoins are regulated according to the Monetary Authority of Singapore. Strategic partnerships with Standard Chartered and DBS are further bridging the traditional and digital economy.

Strategic Developments and Future Plans in Crypto Payments

Alchemy Pay is also continuing to push the adoption of crypto into mainstream by connecting traditional payment systems and blockchain networks. The company has 10 U.S. Money Transmitter Licenses and regulatory approvals throughout Southeast Asia, Korea, Europe and the UK. Its global network supports compliant transactions for millions of users ensuring a trusted platform.

Looking into the future, Alchemy Pay is working on Alchemy Chain which will be a Layer 1 blockchain specifically designed for stablecoin payments. The upcoming testnet will allow for the testing of the entire system, and the platform intends to have its own stablecoin launch. These initiatives are intended to increase financial access, increase transaction speed, and lower fees in cross-border payments.

The integration of $XSGD and $XUSD is a significant expansion for Alchemy Pay’s stablecoin offerings. By combining different options of fiat with a secure blockchain infrastructure, users have gained greater direct and reliable access to digital finance. Adoption is expected to increase as both retail and institutional participants make great use of this capability.

Stablecoin Transactions Exceed $3.2 Trillion Amid Rising Global Demand

Industry experts say adoption of fiat-backed stablecoins is accelerating around the globe. As per data, transactions with stablecoins exceeded $3.2 trillion globally and this reflects the increase in demand for regulated digital assets. As a result, Alchemy Pay’s growth comes as part of this movement, and it provides compliance and convenience in tandem with each other.

In addition, the partnership enhances Singapore’s status as a digital finance hub. MAS recognition of $XSGD and $XUSD makes sure the users enjoy a stable and secure environment. In addition to this, the collaboration shows the effectiveness of regulated stablecoins for supporting cross-border commerce and institutional participation.

By combining $XSGD and $XUSD, Alchemy Pay lowers the entry levels for new participants to crypto while providing for experienced participants. This strategic move improves liquidity, transactions, and promotes the widespread use of stablecoins in the global markets. Consequently, Alchemy Pay remains an important link between the fiat and blockchain ecosystems.

 

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