KEY TAKEAWAYS
- Alchemy Pay integrates $XSGD and $XUSD stablecoins, enhancing global access to digital finance.
- Users in 173 countries can now purchase these stablecoins using various fiat payment methods.
- StraitsX and Alchemy Pay aim to strengthen stablecoin infrastructure with regulatory compliance.
- Alchemy Pay plans to launch a stablecoin-focused Layer 1 blockchain, Alchemy Chain.
Alchemy Pay, a leading fiat-crypto payment gateway, has announced the listing of $XSGD and $XUSD stablecoins, issued by StraitsX. These stablecoins are pegged to the dollar and fully reserved, providing a secure and compliant option for users seeking stablecoin-based access to digital finance.
With the integration of $XSGD and $XUSD into Alchemy Pay’s on-ramp, users across 173 countries can now acquire these stablecoins using familiar fiat payment methods. Supported options include Visa, Mastercard, Apple Pay, Google Pay, local bank transfers, and mobile wallets, covering over 50 fiat currencies. This development significantly lowers entry barriers for both individuals and institutions.
Strengthening Global Stablecoin Infrastructure
Alchemy Pay and StraitsX share a vision of enhancing the global stablecoin infrastructure by facilitating seamless fiat on-ramps. StraitsX, as a stablecoin-native settlement layer, issues $XSGD and $XUSD to enable efficient and interoperable payment flows. Both stablecoins are recognized by the Monetary Authority of Singapore (MAS) as compliant with the upcoming Single-Currency Stablecoin (SCS) regulatory framework.
Through strategic partnerships with global banking entities such as Standard Chartered and DBS, StraitsX continues to bridge traditional finance with the digital economy. This collaboration underscores the commitment to providing regulated and efficient payment solutions.
Alchemy Pay’s Strategic Expansion
Alchemy Pay is actively driving mainstream crypto adoption by connecting traditional payment systems with blockchain ecosystems. The company boasts a robust global network supported by an extensive portfolio of regulatory licenses, including 10 U.S. Money Transmitter Licenses, and approvals across Southeast Asia, Korea, Europe, and the UK.
Looking forward, Alchemy Pay is developing Alchemy Chain, a stablecoin-focused Layer 1 blockchain aimed at supporting a comprehensive payment ecosystem. The testnet for this blockchain is set to launch soon, alongside plans for Alchemy Pay’s own stablecoin.
The addition of $XSGD and $XUSD marks a strategic expansion of Alchemy Pay’s stablecoin offerings, providing users worldwide with more direct and diverse access to the digital economy. The full announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Alchemy Pay’s integration of $XSGD and $XUSD stablecoins into its payment platform expands access to stablecoin-based transactions for users in 173 countries, enhancing global financial inclusion.
Recent industry reports indicate that stablecoins are experiencing unprecedented mainstream adoption in 2026, driven by regulatory clarity and real-world payment use cases. Alchemy Pay’s strategic expansion aligns with this trend, as it integrates stablecoins into traditional payment systems, supporting faster cross-border settlements and interoperability.
As per insights from a CoinMarketCap AI update, Alchemy Pay is pursuing further regulatory approvals under a ‘Global License Expansion (2026)’ initiative. This supports the news event’s impact by highlighting the company’s commitment to regulatory compliance and global reach.
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