The Alchemy Pay team announced via a blog post on Tuesday that it has formed a significant partnership with Decentralized USD (USDD), the first over-collateralized decentralized stablecoin transparent and fully backed by mainstream digital assets.
In the first part of this partnership, the USDD token has been incorporated into Alchemy Pay's Ramp platform, enabling individuals to effortlessly acquire USDD using their local fiat currency and traditional payment options. The partnership will also involve the future integration of On-Ramp services.
Alchemy Pay is a payment system focused on retail transactions at the Point-of-Sale and peer-to-peer remittance. Users can make payments in fiat, stablecoins and other cryptocurrencies on traditional payment systems. Alchemy Pay’s ACH token is down by 1% in the last 24 hours and currently trades at $0.01715.