Alchemy Pay Collaborates with Ondo Finance to Support Fiat On-Ramp for USDY

On Wednesday, the Alchemy Pay team announced via a blog post that it has integrated with Ondo Finance’s US Dollar Yield (USDY) token on Solana with Alchemy Pay’s extensive fiat on-ramp, making it easier for users worldwide (outside the U.S.) to acquire USDY using their local fiat currencies.

Through this collaboration, users across 173 countries can now seamlessly purchase USDY on Solana using local fiat currencies and preferred payment methods such as Visa, Mastercard, Apple Pay, Google Pay, regional mobile wallets, and bank transfers

USDY combines the accessibility of a stablecoin with the financial strength of U.S. Treasuries, offering 24/7 liquidity, transparent collateralization, and compatibility with a range of use cases, including treasury management, cross-border payments, and wealth preservation

Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down 7.1% in the last 24 hours and trades at $0.02312.