- The stablecoin USDD had been integrated into Alchemy’s Ramp platform.
- USDD is a decentralized stablecoin introduced by the Tron Network.
Alchemy Pay (ACH), a payment solution provider that seamlessly connects fiat and crypto, announced its significant partnership with Decentralized USD (USDD), the first over-collateralized decentralized stablecoin. It will enable individuals to acquire USDD using their fiat currency.
#AlchemyPay and @usddio, the first over-collateralized decentralized stablecoin, have partnered to integrate USDD into its On-Ramp. The integration eases USDD purchases for users (except USA) using their preferred fiat currencies and payment methods.https://t.co/YfEgOyiYdS pic.twitter.com/PuMG5Ffddd
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) August 8, 2023
On August 8, Alchemy Pay tweeted that it had partnered with USDD. At the start of the collaboration, the stablecoin USDD had integrated into Alchemy’s Ramp platform. This allows users to buy USDD using the local fiat currency and traditional payment options. Recently, the USDD has gained legal recognition as the official digital currency. And it also accepted as the medium of exchange in the Commonwealth of Dominica.
Alchemy Pay is Expected to Increase the Usage of USDD
USDD, a decentralized stablecoin introduced by the Tron Network, which adopts an over-collateralized approach. The stablecoin fully backed by mainstream digital assets. The partnership with Alchemy Pay expected to increase the usage of USDD among individuals. As of now, the stablecoin USDD is not available for U.S. users.
Alchemy Pay has specialized in offering solutions that allow cryptocurrencies and Web3 access to fiat payments, giving more access to individuals. The partnership also involves the future integration of the On-Ramp services. Moreover, With its impressive global presence of around 173 countries and over 300 payment channels, the partnership expected to be one of the most significant moves for the USDD stablecoin.
At the time of writing, the trading price of Alchemy Pay (ACH) is $0.01719, with an increase of over 1.95%, in the last 24 hours. Moreover, the daily trading volume of ACH has experienced a surge of over 32.66%, according to CoinMarketCap.
