In the field of encrypted payment, another major cooperation news has come out. Crypto payment company Alchemy Pay announced a deep cooperation with decentralized finance platform World Liberty Financial (WLFI), aiming to access the Ramp fiat purchase channel for the stablecoin USD1 issued by WLFI. The achievement of this cooperation has injected strong impetus into the compliance and widespread application of stablecoins on a global scale.
Alchemy Pay, as a globally leading hybrid payment platform, has been committed to building a global payment ecosystem that connects traditional finance with the crypto economy since its establishment in Singapore in 2018. Through the fiat-crypto payment gateway, it provides consumers, merchants and institutions with a seamless, secure and compliant payment experience. Users can not only purchase cryptocurrencies with credit cards, bank cards or local payment methods, but also exchange cryptocurrencies for legal tender, which greatly lowers the threshold for ordinary users to enter the crypto market. As of now, the payment network of Alchemy Pay has covered more than 70 countries, supported over 300 payment channels, and has cooperated with industry giants such as Shopify, Visa, Mastercard, and Chainlink.
The USD1 stablecoin launched by World Liberty Financial was introduced in April 2025. It is specifically designed for institutional and sovereign investors and fully supported by short-term US government funds, US dollar recharges and other cash equivalent, striving to maintain a 1:1 equivalence relationship with the US dollar. The reserve assets of USD1 are held by BitGo, a crypto custody company in California, USA. While enhancing transparency and credibility, it was initially issued on Ethereum (ETH) and Binance Smart Chain (BSC), and plans are in place to expand to more blockchain protocols in the future.
This cooperation between the two sides has integrated their respective advantageous resources. Users will be able to conveniently purchase USD1 stablecoins through a wide variety of payment methods such as Visa, Mastercard, Apple Pay, Google Pay, and local bank transfers. It is worth mentioning that this service has an extremely wide coverage, involving 173 countries and supporting over 50 legal tender currencies, truly achieving legal tender deposit services on a global scale.
From the perspective of industry development, the stablecoin market has grown rapidly in recent years. However, in the fiat currency deposit process, it has always faced the dual challenges of compliance and convenience. The cooperation between Alchemy Pay and WLFI provides an innovative solution to these problems. On the one hand, Alchemy Pay has obtained multiple financial licenses worldwide, including Currency transfer licenses (MTL) in nine states of the United States, ensuring the legality of the entire fiat currency deposit process and enabling users to conduct transactions in compliance.
On the other hand, by integrating the Ramp fiat currency purchase channel, the traditional cumbersome fiat currency exchange process has been simplified, providing users with a smoother and more efficient purchase experience, and further promoting the global popularization and application of stablecoins. As the cooperation progresses further, the market will closely monitor the performance of the USD1 stablecoin in the global market and whether this cooperation model will trigger more emulation and innovation within the industry.
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