KEY TAKEAWAYS
- Alchemy Pay integrates with Agora to enable fiat on-ramp for the AUSD stablecoin, expanding access to 173 countries.
- The integration supports over 50 fiat currencies and 300 payment methods, enhancing AUSD’s accessibility.
- AUSD’s reserves are managed by VanEck and held by State Street, ensuring transparency and trust.
- Agora’s open partnership model encourages ecosystem collaboration for AUSD’s distribution and adoption.
Alchemy Pay, a prominent fiat-crypto payment gateway, has announced a new integration with stablecoin issuer Agora to support $AUSD, Agora’s fiat-backed digital dollar. This integration allows users in 173 countries to purchase AUSD directly using local fiat currencies through Alchemy Pay’s seamless on-ramp solution. The announcement was made here.
With this integration, Agora’s users gain access to Alchemy Pay’s extensive global payment infrastructure. This infrastructure supports over 50 fiat currencies and more than 300 payment methods, including Visa, Mastercard, Apple Pay, Google Pay, local bank transfers, and regional mobile wallets. This development makes acquiring AUSD more accessible to both retail and institutional users across diverse jurisdictions.
Institutional-Grade Reserve Framework
AUSD is designed with an institutional-grade reserve framework, with all reserves held in custody by State Street, a leading financial custodian. The reserve assets, which include cash, short-term U.S. Treasuries, and overnight repos, are actively managed by VanEck, a globally recognized asset manager with over $140 billion in assets under management. Agora maintains a transparent attestation process to provide ongoing visibility into AUSD’s backing, ensuring full accountability and trust.
Open Partnership Model
Unlike traditional stablecoins, Agora’s open partnership model allows exchanges, custodians, decentralized applications (dApps), and other ecosystem participants to directly engage in AUSD’s distribution and adoption. This approach fosters collaborative growth while maintaining rigorous transparency and reserve management standards.
Alchemy Pay is committed to driving mainstream crypto adoption by bridging traditional finance and digital assets. Its robust global network is supported by an expansive portfolio of regulatory licenses, including nine U.S. Money Transmitter Licenses and others across Southeast Asia, Korea, Europe, and the UK. This partnership with Agora represents a significant step toward a more interoperable and inclusive digital finance ecosystem, highlighting Alchemy Pay’s dedication to supporting trusted stablecoin issuers and advancing global crypto adoption.
Why This Matters: Impact, Industry Trends & Expert Insights
Alchemy Pay’s integration with Agora to enable fiat on-ramp for the AUSD stablecoin represents a significant advancement in the accessibility of stablecoins, allowing users in 173 countries to purchase AUSD using local fiat currencies.
According to a CoinDesk report, stablecoin adoption is accelerating globally, driven by institutional uptake and regulatory clarity. This aligns with the Alchemy Pay and Agora integration, as it facilitates broader stablecoin access across diverse jurisdictions.
As per insights from Morgan Stanley, fiat-backed stablecoins are increasingly seen as a modern financial infrastructure tool, despite ongoing regulatory challenges. This supports the significance of Alchemy Pay’s integration with Agora in enhancing stablecoin accessibility and adoption.
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