Alchemy Pay, a leading platform offering gateways for fiat-to-crypto payments, has announced an exclusive collaboration with Ethena, a prominent synthetic dollar protocol on Ethereum. The partnership unveils simplified on-ramp support for the native assets of Ethena, including $ENA governance token and $USDe synthetic dollar stablecoin. The platform revealed this collaboration in a recent X post.
Alchemy Pay Joins Forces with Ethena to Offer $ENA and $USDe On-Ramps
The integration between Alchemy Pay and Ethena permits consumers to purchase $ENA, and $USDe in more than 173 jurisdictions with over fifty fiat currencies. The popular traditional payment methods to acquire $ENA and $USDDe include bank transactions, mobile wallets, Apple Pay, Google Pay, Mastercard, and Visa. As included in this collaboration, Ethena has officially listed Alchemy Pay on its ecosystem.
Consumers can now utilize the services of Alchemy Pay directly via the Ethena Swap portal. This simplifies fiat-to-crypto transfers, as well as reinforces the mission of Ethena to increase the worldwide accessibility of synthetic dollars. Ethena stands in a noteworthy position in the DeFi market, providing a crypto-native substitute for traditional money.
Ethena’s s$USDe gets support from an exclusive delta-hedging mechanism. The respective mechanism takes into account spot assets such as Solana, Ethereum, and Bitcoin, combined with deliverable and perpetual futures contracts. It also possesses liquid stablecoins like $USDT and $USDC for stability. In addition to this, Ethena also provides $sUSDe as a worldwide accessible asset for dollar savings.
Bridging Fiat Currencies with Crypto Assets via Intuitive and Smooth Gateway
With its resilient infrastructure, Alchemy Pay’s integration underscores a vital move in democratizing crypto-backed stablecoins’ access. The development bridges the gap existing between fiat currencies and crypto assets. Alchemy Pay fortifies experienced and first-time crypto consumers alike with an intuitive and smooth gateway into the ecosystem of Ethena.
As per Alchemy Pay, the collaboration with Ethena denotes their shared vision of enhancing the scalability and accessibility of decentralized finance. Moreover, this also takes into account the integration of widely used financial tools. Together, Ethena and Alchemy Pay endeavor to broaden reliability and compliance around the world. Amid the rising demand for efficient and stable crypto assets, such partnerships lead to a relatively inclusive financial ecosystem.
