Alchemy Pay, the world-leading fiat-crypto payment gateway, today announced the listing of $XSGD and $XUSD, dollar-pegged and fully reserved fiat-backed stablecoins issued by StraitsX, the stablecoin-native settlement layer powering global finance.
With the listing of $XSGD and $XUSD into Alchemy Pay’s on-ramp, users in 173 countries can now easily acquire these stablecoins using familiar fiat payment methods. Supported options include Visa, Mastercard, Apple Pay, Google Pay, local bank transfers, and mobile wallets, across 50+ fiat currencies. This significantly lowers entry barriers for both individuals and institutions seeking compliant, stablecoin-based access to digital finance.
Alchemy Pay and StraitsX share a common vision of strengthening the global stablecoin infrastructure by enabling seamless fiat on-ramps through stablecoins. StraitsX serves as a stablecoin-native settlement layer, issuing $XSGD and $XUSD to power interoperable and efficient payment flows. Notably, both stablecoins are recognised by the Monetary Authority of Singapore (MAS) to be substantively compliant with the upcoming Single-Currency Stablecoin (SCS) regulatory framework. Through strategic partnerships with global banking partners like Standard Chartered and DBS, StraitsX continues to serve as a pivotal bridge between traditional finance and the digital economy.
Alchemy Pay continues to drive mainstream crypto adoption by connecting traditional payment rails with blockchain ecosystems. Its robust global network is reinforced by an expansive portfolio of regulatory licenses, including 10 U.S. Money Transmitter Licenses, as well as approvals across Southeast Asia, Korea, Europe, and the UK. Looking ahead, Alchemy Pay is actively building Alchemy Chain, a stablecoin-focused Layer 1 blockchain designed to support a full-stack payment ecosystem. Development is well underway, with a testnet launching soon and Alchemy Pay’s own stablecoin planned.
The addition of $XSGD and $XUSD marks a strategic expansion of Alchemy Pay’s supported stablecoin offering, empowering its users worldwide with more direct and diverse access into the digital economy.
About StraitsX
StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore and the stablecoin-native settlement layer powering global finance. As the issuer of XUSD and XSGD stablecoins, StraitsX leverages the power of blockchain and stablecoin technology to drive payments interoperability while offering innovative tools for liquidity management, stablecoin integration, and cross-border transactions. Partnering with leading financial institutions and global payment technology providers, StraitsX delivers cutting-edge, highly regulated payment solutions that bridge the gap between traditional finance and the digital economy.
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Developers of Web3 platforms and dApps with interest in integrating Alchemy Pay’s ramp solution can contact via the website https://alchemypay.org/contact
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