KEY TAKEAWAYS
- Ondo Finance’s USDY token is now integrated into Alchemy Pay’s fiat on-ramp, enhancing accessibility for non-US users.
- The partnership allows users in 173 countries to purchase USDY using local fiat currencies and popular payment methods.
- USDY offers stablecoin accessibility with US Treasury backing, providing secure and efficient dollar exposure on Solana.
- Ondo Finance and Alchemy Pay are driving the adoption of tokenized assets, promoting an open economy with advanced financial tools.
Today, Ondo Finance announced that Alchemy Pay, a prominent crypto payment solution provider, has integrated Ondo Finance’s US Dollar Yield (USDY) token on Solana into its extensive fiat on-ramp. This integration facilitates easier acquisition of USDY for non-US users using their local fiat currencies.
Through this collaboration, users in 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. Enabled by Alchemy Pay’s global infrastructure, which includes over 300 payment channels and more than 50 fiat currencies, this partnership significantly lowers the entry barrier for non-US investors and institutions seeking high-quality yieldcoins.
USDY combines the accessibility of stablecoins with the financial strength of US Treasuries. It offers 24/7 availability, transparent collateralization, and compatibility with various use cases, including treasury management, cross-border payments, and wealth preservation. The USDY token on Solana also benefits from near-instant transactions and minimal associated costs, making it practical for both institutions and individual investors seeking capital efficiency and secure dollar exposure.
As the industry moves toward the adoption of tokenized assets, Ondo Finance remains at the forefront with market-leading assets that can seamlessly integrate with platforms such as Alchemy Pay. Together, Ondo Finance and Alchemy Pay are advancing the vision of an open economy, empowering users with tools for everyday financial utility and long-term wealth management.
For more information, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Ondo Finance’s USDY token has been integrated into Alchemy Pay’s fiat on-ramp, allowing users in 173 countries to purchase USDY with local currencies, enhancing accessibility to tokenized assets.
A recent industry report indicates that tokenized assets are experiencing significant growth driven by institutional demand and regulatory advances. This aligns with the integration of USDY into Alchemy Pay’s platform, which facilitates easier access to tokenized assets for global users.
Insights from CoinCentral highlight USDY as a significant innovation in tokenized asset access, offering stable yield combined with blockchain functionalities. This supports the impact of the USDY integration by providing non-U.S. users with stable yield opportunities within a scalable DeFi environment.
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