KEY TAKEAWAYS
- Alchemy Pay integrates with AB DAO to support $AB and USD1 on AB Chain, enhancing fiat access.
- The integration allows users to buy and sell $AB and AB-USD1 using over 50 fiat currencies and 300 payment channels.
- AB DAO’s blockchain architecture supports stablecoins and cross-chain asset circulation, expanding AB Chain’s utility.
Alchemy Pay, a leading fiat-crypto payment gateway, has announced a strategic integration with AB DAO to support its native token $AB and stablecoin USD1 on AB Chain. This integration, detailed here, will utilize Alchemy Pay’s on-ramp and off-ramp services.
Through this collaboration, users worldwide can seamlessly buy and sell $AB and AB-USD1 using fiat payment methods. The service supports over 50 fiat currencies and more than 300 payment channels, including Visa, Mastercard, Apple Pay, Google Pay, local bank transfers, and mobile wallets. Available in 173 countries, it reaches 4.4 million ramp users, significantly lowering barriers for global users seeking access to AB Chain assets.
By enabling direct fiat-to-crypto conversions into the AB Chain ecosystem, Alchemy Pay enhances accessibility and utility for both users and developers. The integration provides frictionless onboarding for global users and facilitates cross-border access to AB Chain assets for overseas developers and businesses. It also supports engagement with Web3 payment and loyalty applications through familiar payment rails, helping to accelerate activity and adoption across the AB Chain ecosystem.
AB DAO’s Role in Financial Infrastructure
AB DAO is focused on building open financial infrastructure through a modular and heterogeneous blockchain architecture centered on the AB Core mainnet. This architecture is designed to support stablecoins, payments, and cross-chain asset circulation. As an Ethereum Virtual Machine (EVM)-compatible network, AB Chain enables seamless integration with mainstream wallets and decentralized applications, while USD1 expands liquidity and real-world payment use cases within the ecosystem.
This partnership marks a significant step toward expanding the global reach and real-world utility of AB Chain assets. It also strengthens Alchemy Pay’s role as a key gateway connecting fiat payments with emerging blockchain ecosystems.
Why This Matters: Impact, Industry Trends & Expert Insights
Alchemy Pay’s integration with AB DAO to support fiat access on AB Chain marks a crucial step in enhancing the accessibility and utility of blockchain assets for global users and developers.
A recent report highlights the explosive market growth and stablecoin integration in cross-border payments as key trends in the crypto fiat gateways sector. This aligns with Alchemy Pay’s efforts to provide seamless fiat-to-crypto conversions, thereby bridging the gap between traditional finance and digital ecosystems.
As per insights from Elliptic, the convergence between traditional finance and digital assets is accelerating, with fiat-crypto integrations becoming more normalized. This supports the significance of Alchemy Pay’s integration with AB DAO in facilitating cross-border transactions and enhancing the real-world utility of blockchain assets.
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