Alchemy Pay, a crypto payment service provider, has partnered with Ripple to enable fiat on-ramp access for RLUSD, a stablecoin issued by Standard Custody & Trust Company, LLC, a digital asset custodian. The integration allows users to purchase RLUSD through Alchemy Pay’s network.
RLUSD is a U.S. dollar-backed stablecoin with a 1:1 ratio and cash and equivalent reserves. It is designed for enterprise use cases, particularly in cross-border payments and digital finance. RLUSD combines the security of TradFi with the blockchain’s efficiency.
The partnership is a part of Ripple’s strategy to expand its blockchain-based solutions. RLUSD is providing a trusted, liquid stablecoin option for financial institutions, developers, and businesses. Ripple’s global licensing and compliance record supports RLUSD’s use in regulated markets.
Alchemy Pay provides fiat-crypto services in multiple countries and helps bridge TradFi with digital assets. In 2024, the company reported 3 million registered users and 8 million transactions. It holds regulatory approvals in regions including the UK, U.S., Canada, Australia, South Korea, and several European and Asian countries, supporting its global payment infrastructure.
This partnership aims to improve access to stablecoins and strengthen adoption of compliant crypto solutions.
Image: Alchemy Pay
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