Alchemy Pay, a cryptocurrency payment platform, has entered into a partnership with #Ripple to provide access to RLUSD — a stablecoin issued by Standard Custody & Trust Company, LLC, an organization that provides custody for cryptocurrencies and tokens. The integration will allow users to purchase RLUSD through the Alchemy Pay network.
RLUSD is a stablecoin pegged to the US dollar with a 1:1 ratio and reserves of cash and cash equivalents. Ripple USD is intended for use by businesses, particularly in the field of international payments and digital finance. RLUSD combines elements of TradFi security and blockchain efficiency.
The partnership is part of #Ripple💰 's strategy to scale its blockchain-based solutions. RLUSD provides reliable and liquid stablecoins to financial institutions, developers, and enterprises. Ripple's global reputation in licensing and compliance supports the use of RLUSD in regulated markets.
Alchemy Pay provides fiat-crypto services in many countries and helps bridge TradFi with digital assets. In 2024, the company reported 3 million registered users and 8 million transactions. The company has regulatory approvals in countries such as the UK, USA, Canada, Australia, South Korea, and others.
The partnership between Alchemy Pay and Ripple aims to enhance access to stablecoins and implement compatible crypto solutions.
