TrueUSD Partners with Alchemy Pay to Facilitate Direct Crypto Purchases in 173 Countries - Blockchain.News

TrueUSD Partners with Alchemy Pay to Facilitate Direct Crypto Purchases in 173 Countries

Alchemy Pay partners with TrueUSD to enable direct crypto purchases via fiat in 173 countries, enhancing accessibility and transparency in the crypto industry.

  • Aug 04, 2023 13:30
TrueUSD Partners with Alchemy Pay to Facilitate Direct Crypto Purchases in 173 Countries

Alchemy Pay, a leading fiat-crypto payment gateway founded in Singapore in 2017, has partnered with TrueUSD (TUSD), a transparent stablecoin fully backed by the USD. Alchemy Pay connects crypto with traditional fiat currencies, offering solutions such as On & Off Ramp, NFT Checkout, Crypto Card, and Crypto Payments, supporting payments in 173 countries.

This collaboration will offer Alchemy Pay's On-Ramp solution, making TUSD directly purchasable from Alchemy Pay's Ramp page. Users from 173 countries can now acquire TUSD using fiat currencies, marking a seamless entry into the TrueUSD ecosystem.

TrueUSD (TUSD) is the first USD pegged stablecoin with live on-chain attestations by independent third-party institutions. It has been listed on over 100 trading platforms and is live on 10+ mainstream public chains, including Ethereum, TRON, Avalanche, BNB Chain, Fantom, and Polygon. TUSD is attested in real-time by The Network Firm LLP, an independent CPA firm, and integrated with Chainlink's Proof of Reserve to secure minting and ensure transparency and reliability. TUSD was granted statutory status as an authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th, 2022.

Alchemy Pay's Commitment to Crypto Adoption

Alchemy Pay's network, with over 300 fiat payment channels across 173 countries, is dedicated to simplifying the crypto onboarding experience. The company's efforts in obtaining licenses to operate payment services in countries like Canada, Indonesia, and Lithuania demonstrate its proficiency in the crypto payment industry.

The Ramp provided by Alchemy Pay integrates effortlessly with platforms such as DeFi protocols, NFT marketplaces, and exchanges. It enables easy crypto purchases using credit and debit cards, mobile wallets, and bank transfers. Additionally, Alchemy Pay's Ramp offers a user-friendly offboarding experience, supporting transactions to bank accounts in more than 50 fiat currencies through remittance partners.

TrueUSD's Transparency and Accessibility

TrueUSD is recognized for its 24-hour live on-chain attestation, prioritizing transparency, security, and stability. After integrating with Chainlink, TUSD became the first USD-backed stablecoin to utilize Proof of Reserves for secure minting. It is now natively available on various blockchains, including BNB Chain, Ethereum, TRON, and Avalanche, and has expanded to other public chains.

This integration between TrueUSD and Alchemy Pay may signify a substantial step in fostering greater connectivity between everyday people and the thriving crypto industry. By bridging the gap between fiat and crypto, it opens new avenues for users and contributes to the broader acceptance and utilization of cryptocurrencies.

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