Ripple’s RLUSD Now Accessible in 170+ Countries Through 300+ Payment Methods Amid Alchemy Pay Partnership

Alchemy Pay has announced a collaboration with Ripple to power fiat on-ramps for RLUSD stablecoin, lowering the barrier to global crypto adoption. This latest partnership extends the wave of institutional interest in RLUSD amid incoming legislation in the U.S.

Alchemy Pay and Ripple Team Up to Accelerate RLUSD Stablecoin Adoption

Crypto payment solutions provider Alchemy Pay is enhancing its offerings for consumers through a strategic partnership with Ripple Labs. According to a press release, the partnership will see Ripple’s RLUSD stablecoin integrated into Alchemy Pay’s fiat on-ramp infrastructure.

Going forward, Alchemy Pay’s support for RLUSD will enable users to purchase the stablecoin through its expansive fiat-crypto network. Users in over 170 countries will be able to buy RLUSD using more than 300 local payment methods. According to the announcement, the integration will support RLUSD purchases via Visa, Apple Pay, Google Pay, bank transfers, and local mobile money wallets.

Alchemy Pay executives said the decision to support RLUSD was a natural fit for the payment provider. The press release cited RLUSD’s growing liquidity, regulatory compliance, and enterprise-grade capabilities as key reasons for the integration.

Ripple is boosting RLUSD’s liquidity by minting 12 million tokens ahead of the GENIUS Act vote. Meanwhile, Alchemy Pay is no newcomer to the Web3 payments space, having onboarded 3 million users and processed 8 million transactions in 2024..

“Fully backed 1:1 by U.S dollars and equivalent cash reserves, RLUSD combines the security of fiat with the efficiencies of blockchain technology,” read the statement.

RLUSD Continues to Attract Institutional Attention and Regulatory Success

The latest partnership with Alchemy Pay adds to Ripple’s strong streak of collaborations with institutional players. Several exchanges, including BitGet and Euler Finance, have listed the stablecoin in the past month.

Cardano founder Charles Hoskinson has unveiled ambitious plans for XRP and RLUSD integration on the Cardano network, continuing the wave of interest. On the regulatory side of things, RLUSD has clinched approval in Dubai, building on its regulatory victory in New York.

Alchemy Pay’s partnership follows the historic GENIUS Act vote, which could provide a robust regulatory framework for stablecoins in the US.

Notably, senators are voting for this legislation today with high optimism for passage. Accordingly, RLUSD will compete with Circle’s USDC and Tether’s USDT for market dominance.