Alchemy Pay Partners with Ethena to Enable Seamless On-Ramp for $USDe and $ENA

On Tuesday, the Alchemy Pay team announced via a blog post that it has partnered with Ethena, an Ethereum-based synthetic dollar protocol, to integrate on-ramp support for $USDe, a crypto-backed synthetic dollar stablecoin, and $ENA, Ethena’s governance token.

This partnership allows users in 173+ countries to seamlessly purchase $USDe and $ENA with 50+ fiat currencies via Visa, Mastercard, Google Pay, Apple Pay, mobile wallets, and bank transfers.

As part of this collaboration, Ethena has listed Alchemy Pay as an official fiat-crypto ramp provider within its ecosystem. Users can access Alchemy Pay’s services directly through the Ethena Swap portal, streamlining fiat-to-crypto conversions when purchasing $USDe and enhancing accessibility to Ethena’s ecosystem.

Alchemy Pay is a payment system focused on retail transactions at the point of sale and peer-to-peer remittance. Users can make payments using fiat, stablecoins, and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is up 3% in the last 24 hours and trades at $0.02814.