Alchemy Pay Partners with Ethena to Enhance Fiat-to-Crypto Accessibility for $USDe and $ENA

Alchemy Pay, a leading fiat-crypto payment gateway, has announced a partnership with Ethena, an Ethereum-based synthetic dollar protocol. This collaboration aims to integrate on-ramp support for $USDe, a crypto-backed synthetic dollar stablecoin, and $ENA, Ethena’s governance token. The partnership enables users in over 173 countries to purchase $USDe and $ENA using more than 50 fiat currencies through various payment methods, including Visa, Mastercard, Google Pay, Apple Pay, mobile wallets, and bank transfers. The announcement was made here.

As part of this collaboration, Ethena has listed Alchemy Pay as an official fiat-crypto ramp provider within its ecosystem. Users can now access Alchemy Pay’s services directly through the Ethena Swap portal, simplifying the process of converting fiat to crypto when purchasing $USDe. This integration enhances the accessibility of Ethena’s ecosystem, making it easier for users to engage with its offerings.

Ethena’s synthetic dollar protocol, built on Ethereum, provides a crypto-native solution for money with USDe. This is achieved by delta-hedging Bitcoin, Ethereum, and Solana spot assets using perpetual and deliverable futures contracts, alongside holding liquid stablecoins like USDC and USDT. By incorporating Alchemy Pay’s ramp solution, Ethena aims to boost global accessibility for $USDe and $ENA, encouraging broader adoption across decentralized finance (DeFi) platforms.

Alchemy Pay’s ramp solution is pivotal in making cryptocurrency more accessible, facilitating seamless conversions between fiat and cryptocurrencies. This service benefits both newcomers and experienced users by offering a frictionless experience in the crypto space. In addition to Ethena, Alchemy Pay is trusted by major blockchain projects such as Tether, TON, BNB Chain, Uniswap, Lido, Coinbase Wallet, and Linea. With a strong regulatory presence in the U.S., UK, Europe, and Asia, Alchemy Pay continues to serve as a reliable bridge between traditional finance and blockchain technology.

Why This Matters: Impact, Industry Trends & Expert Insights

Alchemy Pay’s partnership with Ethena to enhance fiat-to-crypto accessibility for $USDe and $ENA represents a significant step in bridging traditional finance with decentralized finance (DeFi). This collaboration is poised to increase the adoption of synthetic dollar stablecoins and governance tokens by simplifying the purchase process for users globally.

A recent industry report highlights the transformation of fiat-to-crypto payment gateways into global financial hubs, emphasizing the integration with real-world assets and blockchain-based cross-border payments using stablecoins. This aligns with Alchemy Pay’s strategy to position itself as a key player in enhancing financial inclusion and access to both traditional and decentralized financial markets.

As per insights from Coin Bureau, fiat-to-crypto integration platforms are evolving with institutional adoption and technological advancements. This supports the significance of Alchemy Pay’s integration with Ethena, as it enhances the accessibility and scalability of DeFi platforms through seamless fiat-to-crypto transactions.

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