Partnership between Alchemy Pay and #Ripple to integrate #RLUSD On-Ramp
Alchemy Pay, a provider of cryptocurrency payment services, has partnered with Ripple to enable direct access to RLUSD, a stablecoin issued by Standard Custody & Trust Company, LLC, a digital asset custodian. This integration allows users to purchase RLUSD through the Alchemy Pay network.
RLUSD is a stablecoin backed by the dollar at a 1:1 ratio with cash and cash equivalents. It is specifically designed for institutional use, particularly in cross-border payments and digital finance. RLUSD combines the security of TradFi with the efficiency of blockchain technology.
This partnership is part of Ripple's strategy to expand its blockchain-based solutions. RLUSD provides a reliable and user-friendly stablecoin option for financial institutions, developers, and businesses. Ripple's global track record in licensing and compliance supports the use of RLUSD in regulated markets.
This partnership aims to improve access to stablecoins and enhance the adoption of compliant cryptocurrency solutions.
